News Brief
Beam Sells Dalmore Scotch Distribution Rights
Dec 24, 2007, 5:00 AM
Beam Global Spirits & Wine, a unit of Fortune Brands, has sold the U.S. distribution rights for The Dalmore Scotch Whisky to the brand's owner, UB Group. The sale price was $58 million.
Tom Flocco, president/CEO of Beam Global, said in a release that The Dalmore offered limited opportunity in the U.S. because of supply agreements that would have constrained long-term supply. "At the same time, UB Group was eager to consolidate worldwide distribution of The Dalmore, having purchased the brand earlier this year."
Beam Global said The Dalmore generated annual sales of approximately $6 million.
--Karl Greenberg
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