Pernod Ricard Sells, Through Its Subsidiary Chivas Brothers Limited, the Glenallachie Distillery to Billy Walker, Graham Stev...
12 Julio 2017 - 10:45AM
Business Wire
Regulatory News:
Press Release - Paris, 12 July 2017
Pernod Ricard (Paris:RI) announces today the signing of an
agreement with Billy Walker, Graham Stevenson and Trisha Savage,
comprising The Glenallachie Consortium, for the sale of the
Glenallachie Distillery, located in Scotland.
The transaction also includes the Glenallachie single malt
brand, MacNair’s and White Heather blended scotch brands, and
relevant inventories to support future development of those
brands.
The disposal is in line with Pernod Ricard’s strategy to focus
on its priority spirits and wines brands and to adjust its
industrial footprint to its needs.
The closing of the transaction is subject to customary
conditions and is expected to take place before the end of
2017.
The Glenallachie Consortium was advised in this transaction by
Macdonald Henderson (legal) and Grant Thornton (accountancy and
tax).
Pernod Ricard was advised in this transaction by Fluxion
Advisors Limited and Shepherd and Wedderburn LLP.
About The Glenallachie ConsortiumBilly Walker is one of
the most recognisable characters in the Scotch whisky industry,
having now been involved in the industry for over 40 years. With a
degree in chemistry Billy has been involved in most aspects of the
production of Scotch whisky, having spent time at Ballantines,
Inver House Distillers and Burn Stewart. More recently he was
instrumental in establishing and building the BenRiach Distillery
Company prior to its sale in 2016.Graham Stevenson is a Chartered
Accountant who has spent almost 30 years in the Scotch whisky
industry. He initially joined the North British Distillery Company
in Edinburgh before moving to Inver House Distillers in 1994. He
has remained there for the past 23 years, most of that time as
managing director.Trisha Savage has over 30 years’ experience in
the Scotch whisky industry. Starting at Burn Stewart she has worked
closely with Billy throughout her career and was also instrumental
in establishing and building the BenRiach Distillery Company.The
mission is to be a wholly Scottish owned, Scottish based, and truly
independent Scotch whisky company producing excellent whiskies and
offering them to the market at premium but affordable prices.
About Pernod RicardPernod Ricard is the world’s n°2 in
wines and spirits with consolidated Sales of € 8,682 million in
2015/16. Created in 1975 by the merger of Ricard and Pernod, the
Group has undergone sustained development, based on both organic
growth and acquisitions: Seagram (2001), Allied Domecq (2005) and
Vin&Sprit (2008). Pernod Ricard holds one of the most
prestigious brand portfolios in the sector: Absolut Vodka, Ricard
pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet
Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club
rum, Beefeater gin, Malibu liqueur, Mumm and Perrier- Jouët
champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo and
Kenwood wines. Pernod Ricard employs a workforce of approximately
18,000 people and operates through a decentralised organisation,
with 6 “Brand Companies” and 85 “Market Companies” established in
each key market. Pernod Ricard is strongly committed to a
sustainable development policy and encourages responsible
consumption. Pernod Ricard’s strategy and ambition are based on 3
key values that guide its expansion: entrepreneurial spirit, mutual
trust and a strong sense of ethics. Pernod Ricard is listed on
Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the
CAC 40 index.
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version on businesswire.com: http://www.businesswire.com/news/home/20170712005877/en/
Pernod RicardJulia MASSIES, +33 (0)1 41 00 41 07Financial
Communication – Investor Relations VPorAdam RAMJEAN, +33 (0)1 41 00
41 59Financial Communication – IR ManagerorSylvie MACHENAUD, +33
(0)1 41 00 42 74Director External CommunicationsorEmmanuel VOUIN,
+33 (0)1 41 00 44 04Press Relations ManagerorThe Glenallachie
Consortiumenquiries@bwws.scot
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