Rémy Cointreau UK Limited, the British subsidiary of the Rémy Cointreau Group, has confirmed the purchase of Islay single malt Bruichladdich this morning.
According to a press release from Rém, the transaction marks the group’s first move into the premium single malt Scotch whisky market, a category experiencing strong growth all over the world, especially in the very high-end segment.
Bruichladdich was reoopened after being purchased by a consortium led by Mark Reynier in December 2000 and has gone from strength to strength, becoming an award winning and internationally acclaimed brand.
In total, the French drinks group will pay £58m for the Islay distillery, comprising of £48m for the share capital and an estimated £10m of debt.
Jean-Marie Laborde, Chief Executive Officer of Rémy Cointreau said: “The acquisition of Bruichladdich, a renowned Islay single malt with a rich and exciting heritage, is a great opportunity to enrich our high-end portfolio of brands and to confirm our strategy in the spirits luxury segment.
“We expect Bruichladdich to sit proudly alongside our other brands and we look forward to working closely with Bruichladdich’s experienced and passionate management team”.