Owners of BenRiach buying Glendronach
August 11th, 2008They were on the short list of companies rumored to be in talks to buy the Glendronach distillery from Pernod Ricard. The Scotsman reports this morning that they are indeed the one buying the distillery, for about $30 million.
A spokesman for Pernod is quoted saying the they expect the sale to be final by September.
August 11th, 2008 at 7:33 am
Is that $30 with the assumption of a whole lot of debt, or an actual $30?
August 11th, 2008 at 8:27 am
$30! What a steal! I woulda paid at least $50.
August 11th, 2008 at 9:00 am
Dear John,
Great news. Thanks. Billy Walker & Co. have done amazing things with Benriach & I’m sure they’ll do wonderful things with Glendronach. The Glendronach distillery bottlings have been very good and it will likely just be a matter of time for Billy to discover what casks lay waiting in the Glendronach warehouses. Cheers.
Bill
August 11th, 2008 at 9:41 am
David, Lazerini: I omitted a few zeros. Six to be exact. (I corrected it.) That’s what I get for posting before my morning coffee.
Bill, yes, it’s going to be an exciting time for Glendronach enthusiasts. I am very excited.
August 11th, 2008 at 11:28 am
good news. it was a forgotten jewel in the huge PR whisky portfolio. Benriach will manage it much better.
they might even have Mr. Bergius on board as he retired from PR, and Glendronach belonged to his family once.
August 11th, 2008 at 2:01 pm
Daavid, yes, it will be interesting to see how this all plays out. If the new owners treat Glendronach the same way they treat BenRiach, we’ll be seeing a lot of new expressions over the next several years.
August 29th, 2008 at 12:02 pm
They made it official today. I got the press release from BenRiach. They refer to Glendronach as a “Sleeping Giant.”