Emperador finalizes £430M acquisition of Whyte & Mackay
MANILA, Philippines – Emperador Inc., through its wholly owned subsidiary, Emperador UK Limited, has already completed the acquisition of 100% stake in Whyte & Mackay Group Limited and its subsidiaries (“Whyte & Mackay”) – dubbed as the single biggest investment of a Philippine company in Scotland and the 3rd biggest in the world.
The acquisition was finalized on Friday, October 31 for £430 million* or a rounded off enterprise value of P31 billion. The agreement was signed on May 9, 2014.
The 5th largest maker of Scotch whisky in the world, Whyte & Mackay has more than 160-year-old history.
It also owns some of the most iconic Scotch brands in the industry, like the British luxury brand The Dalmore Single Highland Malt, Jura Premium Single Malt, and Whyte & Mackay Blended Scotch whiskies.
Whyte & Mackay also has one of the world’s largest aged whisky inventories.
The company produces 50 million liters of alcohol annually, with 5 distilleries and one bottling plant in Scotland.
It also produces a wide range of products sold in more than 50 countries, mainly in Europe and North America, and boasts a strong presence in the global travel retail space.
Emperador is a unit of Andrew Tan's holding company Alliance Global Group, which is also engaged in real estate, resorts and gaming, and fast food restaurants.
Tan said in a statement that his company is looking forward to develop “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,” Tan said.
In 2013, a bottle of The Dalmore Brilliance single malt whisky set a world record when it sold for €250,000**, or nearly P15 million, in a liquor sale at Amsterdam Airport Schiphol, which sale currently as the highest value sale of an individual liquor globally.
“Emperador Inc. is privileged to bring The Dalmore to the Philippines. It is a very prestigious addition to our product portfolio,” Tan said.
In October, Emperador announced that it will start exporting in 2015 its products to Africa, Central and Eastern Europe, and Russia. – Rappler.com
*(£1 = P71.84)
**(€1 = P56.30)