Private equity firm buys Loch Lomond Distillery Company assets
A private equity firm has bought the assets of the Loch Lomond Distillery Company, which is behind some of Scotland's best-known whisky brands.
The assets acquired by Exponent include the Loch Lomond Distillery at Alexandria, the Glen Catrine packaging plant at Mauchline and the Glen Scotia malt distillery in Campbeltown.
The brands produced at these locations include the Loch Lomond and Glen Scotia single malt whiskies and Glen's Vodka.
The sale price has not been disclosed.
Exponent will manage the assets through the newly-formed Loch Lomond Group, in which it owns a majority stake.
Former Diageo chief financial officer Nick Rose is chairman of the new business with Colin Matthews taking the post of chief executive.
Mr Matthews said: "Loch Lomond, Glen Catrine and Glen Scotia have built a sound business platform with brands that perform well in the UK and in a number of international markets.
"The growth of the Scotch whisky industry in recent years offers a great opportunity to develop further the Loch Lomond business, to refresh and expand the product portfolio, and to move into a number of new international markets building on the excellent progress the company has already made."