Philippine company buys Scottish whisky distiller

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whyte-mackScotch whisky distiller Whyte & Mackay has been sold to the Philippines-based maker of Emperador brandy for $730 million.

Bought seven years ago by India’s United Spirits, the Glasgow-based distiller had to be sold for competition reasons after Diageo acquired a controlling stake in United.

The Office of Fair Trading said Diageo’s Bell’s whisky competes with Whyte & Mackay’s own-label and branded whisky and that its acquisition of the United Spirits stake could lead to “a substantial lessening” in competition.

United Spirits acquired Whyte & Mackay, which dates back to 1844, from its former chief executive, Vivian Imerman, for a little over $1 billion.

The Indian company said in a statement on Friday that the sale of Whyte & Mackay was subject to regulatory approval in India and Britain as well as by the Reserve Bank of India.

Whyte & Mackay was founded in 1844 in Glasgow. Its self-branded whisky holds about 3 per cent of the UK whisky market. The company sells single malt and blended Scotch whiskies, liqueurs and vodkas. Their brands include the W&M blends, Dalmore, Jura and Fettercairn single malts, Glayva liqueur and Vladivar Vodka.

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Reading Time: 1 minute

Scotch whisky distiller Whyte & Mackay has been sold to the Philippines-based maker of Emperador brandy for $730 million.

Reading Time: 1 minute

whyte-mackScotch whisky distiller Whyte & Mackay has been sold to the Philippines-based maker of Emperador brandy for $730 million.

Bought seven years ago by India’s United Spirits, the Glasgow-based distiller had to be sold for competition reasons after Diageo acquired a controlling stake in United.

The Office of Fair Trading said Diageo’s Bell’s whisky competes with Whyte & Mackay’s own-label and branded whisky and that its acquisition of the United Spirits stake could lead to “a substantial lessening” in competition.

United Spirits acquired Whyte & Mackay, which dates back to 1844, from its former chief executive, Vivian Imerman, for a little over $1 billion.

The Indian company said in a statement on Friday that the sale of Whyte & Mackay was subject to regulatory approval in India and Britain as well as by the Reserve Bank of India.

Whyte & Mackay was founded in 1844 in Glasgow. Its self-branded whisky holds about 3 per cent of the UK whisky market. The company sells single malt and blended Scotch whiskies, liqueurs and vodkas. Their brands include the W&M blends, Dalmore, Jura and Fettercairn single malts, Glayva liqueur and Vladivar Vodka.

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