Biggest drinks trade acquisitions of 2018

Edrington sells Cutty Sark Scotch whisky brand to La Martiniquaise

Scottish drinks company Edrington sold its Cutty Sark blended Scotch whisky brand to French spirits group La Martiniquaise for an undisclosed sum.

Edrington, which owns Scotch brands including The Macallan, Highland Park, The Glenrothes and The Famous Grouse, first announced that it was putting its Cutty Sark and Glenturret brands for sale, alongside the Glenturret distillery in Crieff (Scotland’s oldest single malt distillery) in order to prioritise investment in its core brands, in June 2018.

Edrington chief executive Ian Curle said at the time that the proposals will enable “greater focus and investment to support the long-term growth of the company’s premium portfolio.

The Cutty Sark brand was first launched in 1923 by Berry Brothers and Rudd, and was sold to Edrington in 2010. The spirit is blended and bottled at Edrington’s Great Western Road site and accounts for roughly 10% of volume output from the facility.

Edrington will continue to provide blending and bottling and other services during the transition period.

In December, it was announced that The Glenturret malt whisky distillery in Crieff  had been sold to French wine company, Art & Terroir, whose business is mainly focused on the production and distribution of high-end wines. With this acquisition, the company will enter the Scotch whisky and spirits business.

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