UK-based Exponent Private Equity has completed the acquisition of certain assets of The Loch Lomond Distillery Company, a Scotch whiskey distiller in the UK.
Financial terms of the transaction have not been disclosed.
Under the acquisition deal, Loch Lomond Group, in which Exponent owns a majority stake, has acquired The Loch Lomond's distillery at Alexandria, West Dunbartonshire; the Glen Catrine packaging plant at Mauchline in Ayrshire; as well as the Glen Scotia malt distillery in Campbeltown, Argyll and Bute.
The Loch Lomond Distillery's brand portfolio includes Loch Lomond and Glen Scotia single malt Scotch whiskies, the High Commissioner blended Scotch whisky and Glen's Vodka.
Speaking about the acquisition, Loch Lomond Group CEO Colin Matthews said that the company is delighted to have Exponent as its partner as it embarks on this next exciting stage of development.
"We have assembled a strong and experienced management team who will work alongside the existing management to take on this challenge and we are confident that together we can fulfill the considerable potential of the new group, its brands and its people in what is a robust and expanding industry," Matthews added.
