The Glenmorangie Company has lined up the sale of its Glen Moray distillery in Scotland to French spirits company La Martiniquaise.

The Scottish company, owned by Moët Hennessy Louis Vuitton (LVMH), confirmed today (16 September) that it has signed a heads of terms agreement for the divestment of the Elgin-based distillery as well as the Glen Moray single malt Scotch whisky brand to the French firm. When contacted by just-drinks today, a spokesperson for Glenmorangie declined to give a figure for sale, saying only that it was "a fair amount".

 All existing employees are expected to transfer to the new owner.

Glenmorangie announced in July that it was looking to withdraw from the bottling and sale of blended Scotch, as it sold its 33-acre Broxburn facility to Diageo and put Glen Moray up for sale.

"We believe that La Martiniquaise will provide an excellent 'home' for the Distillery, the brand and its employees and they will continue to develop and expand the Glen Moray brand," said Glenmorangie's chief executive, Paul Neep.

The company plans to invest GBP45m (US$89.9m) into it single malt Scotch whisky brands Glenmorangie and Ardbeg, in order to "meet the growing demand for single malt whisky in key and emerging markets such as Asia, Europe and the US".

The spokesperson confirmed to just-drinks that the company hopes due process will be completed by the end of next month.

Headquartered in Paris, La Martiniquaise already has Scotch whisky operations at Bathgate, West Lothian where Glen Turner single malt and Label 5 blended Scotch whisky are bottled.

Glenmorangie has owned the Glen Moray distillery since 1920.