USA: Remy Cointreau agrees to acquire Westland Distillery
Remy Cointreau, the French alcoholic drinks firm, has announced that it has agreed to acquire US whiskey manufacturer Westland Distillery. Terms of the deal were not disclosed.
Based in Seattle, WA, Westland Distillery is described as producing whiskey with a distinctly American single malt style. The firm's portfolio of single malts, including Westland Single Malt Whiskey, Westland Peated Single Malt Whiskey, Westland Sherry Wood Single Malt Whiskey and Westland Garryana Whiskey, retails for between $70 and $125.
Commenting on the move in a press release, Remy Cointreau described Westland Distillery as being "firmly committed to pushing the category of single malt whiskey forward by utilizing new varietals of barley and oak, exploring concepts such as terroir, and championing distinctiveness", adding that the investment would allow it to expand its portfolio further into the fast growing high-end single malt whisky category.
The transaction is expected to close before the end of the year.
Source: Remy Cointreau (via BusinessWire)