BenRiach Distillery, a single malt Scotch whisky distillery, has acquired the Glenglassaugh Distillery of Banffshire, Scotland from Amsterdam-based Lumiere Holdings for an undisclosed amount.

Situated on the Banffshire coast near Portsoy, the Glenglassaugh whisky distillery has a total production capacity of 1.1 million litres of whisky per year and produces a range of single malt whiskies.

BenRiach Distillery master blender Billy Walker said the company surprised whisky connoisseurs by purchasing GlenDronach distillery five years ago and are expecting same result from the current acquisition.

"We’re really delighted to buy Glenglassaugh, a renowned Highland single malt with a rich and distinguished heritage," Walker added.

"It’s our intention to bring this iconic distillery fully back to life by giving it the investment, commitment and care it deserves. I believe our whisky expertise, proven brand-building ability and strong routes to market will help take Glenglassaugh to the next level."

Glenglassaugh Distillery managing director Stuart Nickerson said their Glenglassaugh brand was not known five years ago, but today it is exported to over twenty-five countries worldwide.

"We’ve grown the business significantly and today’s announcement means continued investment and will also allow the business to grow further and more rapidly," Nickerson added.

Walker said, "There’s unprecedented demand for high-end brands like ours in places like Taiwan, Scandinavia, USA, China, India, Russia, the Middle East, South Africa and South America, and we now have the fantastic opportunity to re-introduce Glenglassaugh to these markets."

The transaction was facilitated by the Royal Bank of Scotland.