Business
Drink To This
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| The $1.2 billion acquisition of Scottish distiller Whyte & Mackay Ltd. by Vijay Mallya’s UB Group will catapult the Indian distiller to the world’s second largest maker of spirits after Pernod Ricard of France.
“Scotch has been a missing link in our portfolio. With the acquisition of Whyte & Mackay, we now have a captive supply source and excellent (Scotch) brands, which we will immediately introduce in China, Middle East and India,” Mallya said. |
The acquisition will expand Whyte and Mackay to Asian markets, while also opening access of Europe and North America to the UB Group, beside adding Scotch Whisky to its portfolio.