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New Deal


Announced

Elixir Destillers to acquire Tormore Scotch from Pernod Ricard.

Synopsis

Elixir Destillers, an independent bottler specialising in whisky, predominantly Scotch but also Japanese, Irish and American whiskies, agreed to acquire Tormore Scotch, a whisky brand and distillery, from Pernod Ricard, a beverages producer. Financial terms were not disclosed. “Active portfolio management is an integral part of our long-term strategy. The sale of the Tormore brand and distillery follows the recent announcement of our investment behind the Aberlour and Miltonduff facilities, which will increase our Scotch production capacities by 14 million liters of alcohol per annum. We are delighted to be handing Tormore over to Sukhinder and Rajbir, two friends and truly creative entrepreneurs and look forward to finding new ways to collaborate in the future,” Alexandre Ricard, Pernod Ricard Chairman and CEO.

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