Pernod Offloads Glenallachie Single Malt To Walker-Led ConsortiumJuly 13, 2017
Pernod Ricard has sold Scotland’s Glenallachie Distillery to a consortium including Scotch industry veterans Billy Walker, Graham Stevenson and Trisha Savage. The transaction, for which financials weren’t disclosed, includes the Glenallachie single malt brand, as well as the MacNair’s and White Heather blended Scotch brands and relevant inventories.
Pernod said the divestiture, which is expected to close before the end of the year, is in line with its strategy to focus on its priority spirits and wine brands. Walker’s previous Scotch whisky project, Benriach Distillery Co., was sold to Brown-Forman for around $415 million last year.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.