Emperador Distillers, the Philippines-based hard liquor unit of Alliance Global Group, has completed the previously announced acquisition of Diageo’s Whyte & Mackay whiskey business for £430m.
Scope of the transaction also includes the purchase of Jura, The Dalmore, Fettercrane and Tamnavulin distilleries.
Diageo-owned Indian alcoholic beverages company United Spirits had put up Whyte & Mackay for sale in February.
The move follows concerns from the British Office of Fair Trading about Diageo's acquisition of a controlling stake in United Spirits in November last year, citing competition issues.
Emperador chairman Andrew Tan was quoted by The Drinks Business as saying that the company is now looking forward to "developing a Scotch whisky drinking culture in the Philippines.
"We are going to officially launch and sell the existing Whyte & Mackay products, especially The Dalmore, Jura and Whyte & Mackay in the Philippines soon."
Emperador has agreed to supply whiskey to United Spirits for three years, as part of the buyout deal.
Image: Emperador manufactures, distributes, and bottles brandy and other alcoholic beverages in the Philippines. Photo: courtesy of Gualberto107 / FreeDigitalPhotos.net.
