UK: Whyte and Mackay to sell Invergordon site
Whyte and Mackay has said it is open to offers for its Invergordon distillery as it continues to restructure its business.
The UK spirits group has been busy investing in its stable of premium brands, including Vladivar vodka and flagship Scotch whisky Whyte and Mackay. As part of the restructuring, the Glasgow-based company plans to separate the commercial operations of its branded and private label business, under the monikers W&M Brands and Invergordon Distillers.
Whyte and Mackay said "several industry players" had expressed an interest in buying the Invergordon business but declined to name the potential suitors.
The company said it had seen signs that pricing in the private label sector was bottoming out and that it was "optimistic" for the future of the category.
"Consequently, this would need to be reflected in any offer for the business," the company added.
Several bidders are in the running for Whyte & Mackay's Invergordon Distillers business and are conducting due diligence on the site, just-drinks understands....
UK spirits group Whyte & Mackay is set to invest GBP100m (US$172.5m) behind a global relaunch of its key brands....
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