UK: BenRiach Distillery Co admits surprise at Glenglassaugh buy
Scotch makers are looking for capacity
The BenRiach Distillery Co's “under the radar” swoop for Glenglassaugh last week is unlikely to be repeated, as the Scotch industry's battle for capacity intensifies, the firm's head has said.
On Friday (25 March), BenRiach announced that it had paid Amsterdam-based Lumiere Holdings an undisclosed sum for the Glenglassaugh distillery in Banffshire. It has an annual capacity of 1.1m litres and produces the Glenglassaugh single malt, BenRiach said.
However, speaking to just-drinks today, BenRiach CEO Billy Walker said he was surprised at the lack of rivals for Glenglassaugh.
“We are so chuffed we've managed to do this under the radar,” Walker said. “I suspect that, if it had been known that the distillery was available for purchase, there would have been quite a lot of interest in it.”
Walker said that, with distillers chasing capacity as global demand for Scotch continues to heat up, competition for independents such as Glenglassaugh will intensify.
“I think it'll be quite difficult (to do the same) in the future,” he said. “We got lucky because the whisky industry is a village and trying to hide something from the industry is pretty much impossible.”
Lumiere Holdings bought Glenglassaugh from Edrington in February 2008 for about GBP5m (US$7.5m). The site, which had been closed since 1986, was used in the production of blended whiskies such as Cutty Sark and The Famous Grouse.
Quintessential Brands may not be a name familiar to many. But the burgeoning spirits group, owner of G&J Greenall, and backed by former Grupo Campari CEO Enzo Visone, has ambitious global plans. Here,...
This is the second edition of our popular ranking of the world's leading spirits brands....
Changing demographics, growing economies, increased disposable income and the rise in international and business travel have all contributed to the burgeoning travel retail sector....
In a recently-published global briefing 'Diageo in Spirits', Euromonitor International's senior alcoholic drinks analyst Jeremy Cunnington takes a look at what are the challenges facing Diageo in spi...
- No Home Comfort for TWE as Bids Collapse
- Treasury Wine Estates: Here I Go Again On My Own
- Bacardi Seeks Own History at Bombay Sapphire Home
- Will low-alcohol wines wither on the vine?
- Coca-Cola Life US launch fails to ignite
- Diageo's Johnnie Walker hit by Travel Retail slump
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev shuts fourth Russian brewery
- Mallya stays chairman at Diageo's United Spirits
- Treasury Wine Estates pulls plug on takeover talks