Remy Cointreau UK, a wholly owned subsidiary of the Remy Cointreau Group, has agreed to buy Islay single malt Scotch whisky distiller Bruichladdich Distillery.

The total transaction value is £58m, which includes £48m for the acquisition of entire share capital of Bruichladdich and estimated debt of £10m that Remy Cointreau will assume.

Expected to occur within six weeks, the deal will put Remy Cointreau on the track of its long term value strategy towards the premium single malt Scotch whisky market, which is currently experiencing strong growth all over the world.

Remy Cointreau CEO Jean-Marie Laborde said the acquisition of Bruichladdich is a good opportunity to enrich its high-end portfolio of brands and to confirm its strategy in the spirits luxury segment.

"We expect Bruichladdich to sit proudly alongside our other brands and we look forward to working closely with Bruichladdich’s experienced and passionate management team," Laborde said.

Bruichladdich Distillery chairman John Mactaggart said this is a good transaction for Bruichladdich, the Islay community and a wonderful opportunity for the company to reach its full potential, under the stewardship of Remy Cointreau with their strong distribution network and their experienced brand development.

"I’m confident that Bruichladdich will establish itself as one of the Scotch whisky industry’s best known and acclaimed premium brands," Mactaggart added.