Scotland-based premium spirits producer Edrington has announced that it has increased its shareholding in Wyoming Whiskey to 80%.
The deal follows Edrington’s acquisition of an initial 35% stake in 2018. The bourbon whiskey will continue to be produced in the town of Kirby, Wyoming, and Edrington will take on the company’s 37 employees.
Wyoming Whiskey founding shareholder, Brad Mead, said: “Our partnership with Edrington over the past five years has been extraordinarily productive. Edrington’s track record of creating iconic ultra-premium whiskeys and building authentic brands makes the company the perfect partner going forward. We’re excited about the future of Wyoming Whiskey and our continued association with Edrington.”
Edrington is headquartered in Glasgow and employs around 3,000 people in its wholly owned companies and JV operations around the world, with brands including The Famous Grouse and Highland Park.
Suzy Smith, MD of estate brands at Edrington, commented: “We are excited at the potential of Wyoming Whiskey and believe it will contribute to Edrington’s strategic vision and become a prestige American whiskey brand under our stewardship”.
The financial terms of the deal were not disclosed.
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