Highwood Distillers Ltd. yesterday announced that it has received a proposal from Atlas Concrete Inc. to privatize Highwood. Atlas and its shareholders exercise control or direction over 17,690,500 Highwood shares, representing approximately 70.1% of the outstanding shares of Highwood. Under the proposed transaction, all shareholders of Highwood, other than Atlas and its shareholders, would receive $0.20 cash for each of their Highwood shares.