The deal builds on the already strong strategic partnership between Edrington and the Japan based Suntory Holdings, which dates back to the early 1990s.
|Suntory buys 10% stake in Edrington|
Suntory has a long-term shareholding in The Macallan, the leading brand in Edrington’s portfolio, and has also been an important distributor of its brands in several key international markets over the past four decades, including Japan, Germany, Canada and South Africa; and through joint ventures in the UK, Spain and Russia.
Commenting on the news, Scott McCroskie, Edrington CEO, said: “Edrington has a successful long-standing strategic partnership with Suntory. We share a similar ethos and the same passion for craftsmanship, innovation and quality in our brands. We look forward to cementing and building this deep relationship over the coming years.”
The agreement will provide an inflow of funds to Edrington’s principal shareholder, The Robertson Trust, which will allow it to give more to good causes across Scotland.
The Robertson Trust is the largest independent grant-making Trust in Scotland with the vision of a fair and compassionate Scotland where everyone is valued and able to flourish. It will also provide funds for Edrington’s employee share scheme.
Posted by Steve Rush