Owner of the Jack Daniel''s distillery Scotland purchase

American spirits maker Brown-Forman, owner of Jack Daniel''s whiskey, announced yesterday that it has reached a definitive agreement to buy the Scottish distillery BenRiach Distillery Company for about 285 million pounds ($ 416 million).
With the acquisition, Brown-Forman adds to its portfolio of Scottish malt brands of luxury The BenRiach and GlenDronach,, Glenglassaugh. The expectation is that the operation to be completed by June 1.
The transaction includes the acquisition of popular brands, three malt distilleries, a bottler and BenRiach headquarters in Edinburgh, Scotland.
The BenRiach currently employs 165 people, including 55 seasonal workers. The company will operate as a subsidiary of Brown-Forman, the company reported.
"The acquisition of these super premium brands will enable Brown-Forman back to compete in one of the segments more expressive and consistent growth of our industry, the category of Single Malt Scotch Whisky," said the President of Brown-Forman, Paul Varga, in a statement.
Brown-Forman has been a minority shareholder of Glenmorangie. The American was selling the brand Glenmorangie single malt whisky in the United States and Canada, between 1992 and 2005, and in Europe and Asia, between 2000 and 2005. Brown-Forman sold its share in Glenmorangie in negotiating the brand for the Moet Hennessy in 2005.