Remy Cointreau SA (RCO.FR) has agreed to buy Islay distiller, Bruichladdich, in a deal worth £58 million. The French company is aiming to establish a foothold in the the fast-growing premium whisky market and was quick to snap up Bruichladdich.
Remy Cointreau, will pay £48 million for the acquisition of the entire share capital of the distillery and will assume an estimated debt £10 million. That’s good news for the private investors who bought the distillery in 2000, and who resurrected the distillery and marketed the brand.
Chief Executive of Remy Cointreau, Jean-Marie Laborde said the brand will “enrich our high-end portfolio of brands and confirm our strategy in the spirits luxury segment.”
The deal is expected to conclude at the end of August.