Rémy Cointreau buys Domaine des Hautes Glaces
5th January, 2017 by Octavia Bromell
The Rémy Cointreau Group has finalised its acquisition of French single malt distillery Domaine des Hautes Glaces.
Exclusive shareholder negotiations ended with Rémy Cointreau acquiring 100% of Domaine des Hautes Glaces’ capital.
Valérie Chapoulaud-Floquet, CEO of the Rémy Cointreau Group, said: “The acquisition of the Domaine des Hautes Glaces distillery represents the opportunity for Rémy Cointreau to incorporate into its portfolio a high-end French single malt whisky brand. This acquisition strengthens the group in the segment of single malt whiskies, a category in strong growth across all regions of the world, especially for the very high-end.”
The Domaine des Hautes Glaces distillery was founded in 2009, and operates at an altitude of 900m in the Trièves mountains in the French Alps.
Frédéric Revol, president and founder of the distillery, added: “This operation opens new horizons for our territory, for our mountain farming, for our whiskies production. It offers the Domaine the opportunity to fully pursue its quest for taste and terroir.”
In October last year Rémy Cointreau, whose brand portfolio also includes Rémy Martin Cognac, Cointreau liqueur and Mount Gay rum, announced “remarkable” sales in the US, and “solid” sales throughout the globe during the first six months of 2016. Strong liqueur and cognac sales boosted the company, with organic sales of 4.1%.