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Beam Suntory and Edrington finalise equity swap deal in UK and Spain

Beam Suntory and Edrington have finalised a deal to swap equity stakes in their jointly owned distribution firms in the UK and Spain.

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Beam Suntory and Edrington switch distribution firms

Beam Suntory and Edrington switch distribution firms
12th May, 2021 by Nicola Carruthers
Edrington and Beam Suntory have agreed to swap equity stakes in their jointly-owned distributions firms in the UK and Spain.
Edrington produces The Macallan single malt whisky
The Macallan owner Edrington will take full ownership of Edrington-Beam Suntory UK, while Beam Suntory will become the owner of Maxxium Spain.
The agreement is effective from 2 August 2021, subject to regulatory approval.
The move will allow both firms to ‘reduce complexity, improve agility, make decisive investments and expand opportunities for employees as both businesses become part of larger international companies’.
In January last year, Beam Suntory’s parent company Suntory acquired a 10% stake in Edrington for an undisclosed sum.

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