Ian Macleod Distillers snaps up Tamdhu
Ian Macleod Distillers has bought the Tamdhu distillery in Speyside, Scotland, from the Edrington Group for an undisclosed sum as part of plans to support sales growth both in the UK and abroad.
Established in 1897, Tamdhuâ€™s distillation capacity of 4 million litres of alcohol per year will support the continued growth of Ian Macleodâ€™s existing brands, including Isle of Skye, Langâ€™s and the King Robert II blends. The Tamdhu Single Malt brand is also included in the sale.
Leonard Russell, managing director of Ian Macleod Distillers, said: â€œHaving purchased Glengoyne Distillery from Edrington in 2003, we are delighted to be acquiring a second distillery from them, safe in the knowledge that it has been maintained to a very high standard and comes with a reputation for producing exceptional quality single malt.
â€œI am also pleased that we will be securing and creating new local employment during these uncertain economic times. We are looking forward to developing the Tamdhu single malt following our successful growth of Glengoyneâ€.
Ian Curle, chief executive of The Edrington Group, said: â€œEdrington and Ian Macleod have a good relationship stretching back many years, and we know the Tamdhu Distillery and brand will be in good hands.
â€œFrom Edrington’s perspective, the sale will further de-complex our business, allowing us to continue to focus on the growth of our five key brands, The Famous Grouse, The Macallan, Brugal, Cutty Sark and Highland Park.â€
Since purchasing Glengoyne distillery in 2003, Ian Macleod Distillers has more than doubled sales of Glengoyne Single Malt.
The company has built four additional maturation warehouses, capable of housing up to 5m litres and has invested in the visitor experience with renovations and improvements increasing visitor numbers to nearly 50,000.
The Glengoyne brand is currently promoting a new long-term marketing initiative based on the fact that Glengoyne is â€œdistilled more slowly than any other Scotch Whisky for the highest qualityâ€ and is investing upwards of Â£1m in the UK drive alone over the next two years.
Ian Macleod Distillers recently announced improved financial results for the eighth consecutive year, with group turnover increasing 22% to Â£31.9m in 2010.
Alan Lodge, 29.06.2011