Pernod Ricard has made another non-core divestment, this time in the Scotch segment

Pernod Ricard has made another non-core divestment, this time in the Scotch segment

Pernod Ricard has sold off Glenallachie Distillery to a private consortium for an undisclosed sum.

The Glenallachie Consortium, made up of Billy Walker, Graham Stevenson and Trisha Savage, will take ownership of the distillery upon completion of the transaction later this year. Included in the sale is the distillery in Speyside, the Glenallachie single malt Scotch brand, the MacNair's and White Heather blended Scotches, and "relevant inventories to support future development of those brands".

"The disposal is in line with Pernod Ricard's strategy to focus on its priority spirits and wines brands and to adjust its industrial footprint to its needs," the group said in a statement earlier today.

Having previously worked on Pernod's Ballantine's, Billy Walker has been involved in the Scotch industry for around 40 years, including spending time with Inver House Distillers and Burn Stewart. Most recently, he was managing director of The BenRiach Distillery Co, which was acquired by Brown-Forman for almost US$415m last year. He has also bought from Pernod before: In 2008, BenRiach acquired the GlenDronach distillery from the Paris-headquartered group. GlenDronach, along with BenRiach and Glenglassaugh, was included in the Brown-Forman transaction.

The other consortium members are also long-serving members of the Scotch community. Graham Stevenson spent 23 years as MD of Inver House Distillers, while Trisha Savage has worked with Walker at both Burn Stewart and BenRiach. 

"The mission is to be a wholly Scottish owned, Scottish based, and truly independent Scotch whisky company producing excellent whiskies and offering them to the market at premium but affordable prices," the consortium said.

Among Pernod's recent divestments are Fris Vodka and Paddy Irish whiskey, both to The Sazerac Co, and the Caribe Cooler RTD brand to Mexican conglomerate Grupo Bepensa.

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