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. |