Glen Moray whisky brand sold to French spirits company
The Glenmorangie Company is selling its Glen Moray distillery and whisky brand to independent French spirits company La Martiniquaise.
The sale of the Glen Moray distillery marks part of Glenmorangie's re-organisation plans which were announced in July and incorporate a major investment programme worth £45 million. The plans will see the company focus on developing its premium single malt Scotch whisky brands - Glenmorangie and Ardbeg - to meet a growing demand for single malt whisky in key and emerging markets such as Asia, Europe and the USA.
La Martiniquaise already has significant Scotch whisky operations in Scotland; Glen Turner single malt and Label 5 blended scotch whisky are both bottled at its Bathgate distillery in West Lothian where.
Chief executive of The Glenmorangie Company, Paul Neep, said: "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."
All employees at the Glen Moray distillery are expected to retain their jobs as part of the sale agreement. The deal is expected to formally complete before the end of October.
Glen Moray distillery was originally built as a brewery in 1831 and was converted to a distillery in 1897. The Glenmorangie Company had owned the distillery since 1920.