Burn Stewart Acquired By South African Distell Group — Dramming News
Another high profile Islay Malt snapped up by a foreign company. Earlier this year Bruichladdie was purchased by a foreign owner, adding to Bowmore also in foreign hands. Bunnahabhain is now added to the Islay distillers list being sold out to foreign conglomerates.
Distell buys top Scotch whisky producer, Burn Stewart Distillers
The Distell Group, Africa’s leading spirits, wines and ready-to-drinks business has acquired top-performing producer of Scotch whiskies, Burn Stewart Distillers Limited, for just over R2,2 billion (£160 million) from the Scottish based CL World Brands Limited and Trinidad and Tobago based Angostura Limited, owners of Hine Cognac and Angostura Bitters respectively amongst other global brands.
The strategic purchase of the fully integrated producer of both Blended and Single Malt Whiskies will allow Distell to capitalise on the continuing global growth in Whisky consumption and give it access to scarce blended and single malt stocks from prime whisky-producing regions in Scotland, while also enhancing its global footprint.
The deal follows an equal partner venture established in 2007 between Distell and Burn Stewart in which the two parties co-owned and marketed three Scotch Whiskies – Bunnahabhain, Black Bottle and Scottish Leader, in sub-Saharan Africa.