UK: Loch Lomond Distillers silent on takeover claims

By | 25 February 2013

Loch Lomond Distillers has declined to comment on speculation it is about to swallowed up in a private investor takeover.

A spokesperson for the West Dunbartonshire-based company today (25 February) told just-drinks they were not talking to media, following a Sky News report last week it is in advance talks over a deal worth “tens of millions of pounds”. The report, citing a person close to the situation, said the takeover was not by one of the major Scotch producers.

Loch Lomond, which owns brands including Loch Lomond and Glen Scotia, claims to be one of Scotland's oldest distilleries and the second-largest family-owned Scotch maker. It is the only distillery in Scotland that produces grain and malt whisky on the same site, it says, with a combined output of 43m bottles a year.

Scotch sales have increased in the past few years on the back of growth in emerging markets. The spirit's global appeal helped push Remy Cointreau into acquiring Islay distillery Bruichladdich last year for about US$90m.

Expert analysis

Global market review of blended and single malt Scotch whisky – forecasts to 2017

This latest global Scotch whisky report from IWSR and just-drinks is the most comprehensive edition we've published. It features 135 data tables covering the consumption volumes of the top malt and blended brands in each of 30+ countries, plus forecasts for Scotch by quality category globally and in each market.

Sectors: Mergers & acquisitions, Spirits

Companies: Cointreau, Remy

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UK: Loch Lomond Distillers silent on takeover claims

There is currently 1 comment on this article

Some of the readers may not be aware that Loch Lomond is the owner of High Commisioner Scotch and Glen's Vodka.

Should be interesting to see who is behind the takeover.

 

malagajohn said at 4:15 pm, February 25, 2013

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