Tullibardine for sale???
As usual, Will Lyons is ahead of the crowd with the latest news in the Scotch whisky industry.
This time the question is "Is Tullibardine for sale?"
My secret source says:
This is a puzzling affair. Michael Beamish insists the distillery is not for sale and that he is reacting to interest. But I know several companies that have received sales particulars.
Predators circle Tullibardine distillery
William Lyons
Scotland on Sunday
20 Jul 2008
THE management team responsible for rejuvenating the Tullibardine whisky distillery is in discussions with Swiss bankers in a move that may lead to a sale of the Perthshire-based firm.
It is understood financial adviser UBS has received three approaches for the distillery, close to the Blackford home of Highland Spring. Although negotiations are at an early stage, sources say a deal would value the firm at more than GBP 15m. Tullibardine was mothballed for a decade until it was rescued by a four-man consortium of entrepreneurs which bought the operation in 2003.
Backed by Barclays, the quartet acquired Tullibardine for an undisclosed sum from Jim Beam Brands, now Whyte & Mackay, which had decommissioned the facility in 1993 because of overcapacity.
The news comes amid a time of unprecedented interest in the mid-tier of the whisky industry, with speculation surrounding a series of deals for similar sized distilleries.
"As usual, Will Lyons is ahead of the crowd with the latest news in the Scotch whisky industry."
I don't think so. Will got it off me! See http://www.whiskychallenge.com/rumourmill/index.htm
which appeared several days ahead of Scotland on Sunday.
Just boasting. Sorry.
Posted by: Ian Buxton | July 24, 2008 at 05:51 PM
As usual Ian is ahead of Will...but didn't email me to tell me about it as soon as Will did. :)
Posted by: Kevin Erskine | July 24, 2008 at 06:36 PM
You should read my website then.
I read yours (if only to see my own material recycled by Will).
Only kidding.
:)
Posted by: Ian Buxton | July 24, 2008 at 06:43 PM
Hi there boys,
afaik the circumstances of ownership of the Tullibardine complex are just that, complex. But how can somebody sell out something which he or she does not own completely? I mean in a way it is like selling my neighbours house.
By the way Ian, what about the surprise resurrection of that long silent Speyside distillery? Care to get a bit more concise?
Not even if I confess to reading the rumour mil and your page?
Greetings
kallaskander
Posted by: kallaskander | July 25, 2008 at 02:23 PM
Hi
There'll be more on that story when I can get it confirmed from a 2nd source. Right now, I think the story is good but I always like to get 2 independent sources so that it will 'stand up'. Hopefully, more will follow...
Ian
Posted by: Ian Buxton | July 28, 2008 at 03:55 PM
Ian, now I recall why I don't regularly read that site...there's no rss feed for it...
Posted by: Kevin Erskine | July 30, 2008 at 01:06 PM
Don't ask me - I only write bits of it! Up to the webmaster what they do to promote it...
Posted by: Ian Buxton | July 30, 2008 at 09:08 PM
Is Ian Buxton the Third Man?
Posted by: Will Lyons | July 31, 2008 at 12:45 PM
Well, he's certainly not The Thin Man.
Posted by: Ian Buxton | August 01, 2008 at 07:50 PM