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Inver House Distillers, the Airdrie-based producer of whisky brands
including Old Pulteney and Knockdhu, Heather Cream liqueur and
Coldstream London Gin, has been bought for a "high eight-figure sum" by
International Beverage Holdings (InterBev), the international arm of
Thai Beverages.
Inver was founded in 1964, originally supplying the US market with
the Inver House Green Plaid brand of blended Scotch Whisky. In 1988 it
was sold to a management buyout and then again in 2001 to Pacific
Spirits UK, part of the Virgin Islands-based Great Oriole Group, for
£58m.
It
currently exports to over 80 countries worldwide and produces 500,000
barrels of whisky a year, and had an 8 per cent rise in turnover.
InterBev was established in 2003 to support the export and
international business of Thai Beverages. It has major operations in
its home country, Singapore, Cambodia, Malaysia, the UK and North
America.
Bangkok-based ThaiBev produces Chang Beer, Mekhong and Sangsom rums,
and employs 20,000 people. It has a 60 per cent share of the Thai beer
market, a 74 per cent share of the Thai spirits market and was listed
on the Singapore Stock Exchange in May.
Source: Scotsman
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