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Kyndal International Ltd.

Whisky Concerns


Kyndal International Ltd.

In 2001 verstrekt Principal - Finance, onder leiding van Robin Saunders, en het eigendom van de Duitse West L B bank, een lening van E 188 miljoen, is 6 263 miljoen aan Kyndal International Ltd.

Tegelijkertijd wordt voor 40 % deelgenomen in Kyndal International, Robin Saunders en haar collega's nemen zelf voor een 4e deel in het aandeel van de West L B bank aandeel, in de vorm van aandelen voorkeursrechten.

De Amerikaanse bezitter van de groep was J B B Greater Europe, vroeger Jim Beam.

De naam van de onderneming wordt Whyte & Mackay, de oude naam van de onderneming van vóór de overname ooit door Jim Beam.

Het krediet heeft een looptijd tot 2013.

Aanvankelijk was het de bedoeling de lening af te lossen door aandelen uit te geven, maar vanwege de hoge kosten van deze uitgifte is daarvan afgezien.

In Augustus 2003 wordt in samenwerking met Bain & Co, management - begeleiders, een reorganisatie bekend gemaakt waarbij 200 van de 700 medewerkers worden ontslagen, en één van de twee bottelfabrieken wordt gesloten.

In 2003 verlaten vijf leden van het managements team het bedrijf.

Het is de bedoeling dat Whyte & Mackay zich meer gaat toeleggen op de verkoop van eigen merken, met als belangrijkste Whyte & Mackay, en de malt whisky Isle of Jura.

Tot nu toe was een heel belangrijk onderdeel van de verkopen de levering van whisky aan supermarkten.

De omzet in 2002, tot aan September was € 157 miljoen, met een winst van € 20,6 miljoen. Whyte & Mackay staat op plaats negen op de wereldranglijst van whiskyverkopen.

Juli 2003.
West L B bank is deelgenoot in de televisie toestellen verhuurder Bos - Clever, nu in de problemen, de bioskoop keten Odeon, de water leverancier Mid Kent, de Pub keten Pubmasters en de warenhuisketen Bhs.

Alles via zijn onderdeel Principal Finance.

WHYTE AND MACKAY GROUP
Whyte and Mackay operates Dalmore distillery at Alness in Ross-shire, Fettercairn in Kincardineshire, Tamnavulin in the heart of Speyside, and Jura on the eponymous Hebridean island, along with Invergordon grain distillery, close to Dalmore. The company produces Whyte & Mackay blended Scotch whisky and a range of aged blends, plus Vladivar vodka and the Glayva liqueur.

While the output of Fettercairn and Tamnavulin distilleries is largely destined for blending, both Jura and Dalmore have been developed as relatively high-profile single malt brands, with Dalmore even challenging Macallan for record-breaking prices in relation to very limited, aged expressions. Whyte & Mackay has its headquarters in St Vincent Street, Glasgow.

The company traces its origins back to 1844, and the establishment of Allan & Poynter in Glasgow, a business managed by James Whyte prior to the formation of his partnership in 1882 with Charles Mackay. The pair traded as whisky merchants and bonded warehousemen, and launched their own blended Scotch under the name Whyte & Mackay Special.

The company remained in private hands until 1972, when it was acquired by Sir Hugh Fraser’s Scottish and Universal Investments, in turn taken over by Lonrho Ltd in 1981. In 1960 Whyte & Mackay had merged with the Mackenzie Bros, owners of Dalmore, giving the company its first distillery.

In 1973 Fettercairn was added to the portfolio when Whyte & Mackay purchased the Tomintoul-Glenlivet Distillery Co, which owned both Fettercairn and Tomintoul distilleries, though the latter was sold on to Angus Dundee Distillers in 2000.

The Whyte & Mackay company was bought by Brent Walker in 1988 and then sold to American Brands two years later. In 1993 Whyte & Mackay acquired Invergordon Distillers after a hostile takeover battle, and this brought the company not only its own grain distillery at Invergordon, but the malt distilleries of Jura and Tamnavulin, along with Bruichladdich which was closed in 1995 and sold six years later, while Tullibardine was mothballed until its sale in 2003.

Meanwhile, in 2001, what had now become Fortune Brands sold Whyte & Mackay to management for £205 million, and the new venture was named Kyndal Spirits. Kyndal was ultimately headed by South African business tycoon Vivian Immerman, who reverted to the Whyte & Mackay name and developed a strategy that focused on the company’s whisky brands rather than third-party bottling.

Then in 2007, Indian-based United Breweries acquired Whyte & Mackay for £595 million, operating it through the United Spirits subsidiary. This lasted until the UK Competition and Markets Authority decreed that United Spirits must relinquish some assets after Diageo took a controlling interest in the Indian company, and in November 2014 Emperador Distilleries acquired Whyte & Mackay for £430 million.

DISTILLERIES & BRANDS
Ben Wyvis
HIGHLAND SINGLE MALT SCOTCH WHISKY
Claymore
BLENDED SCOTCH WHISKY
Dalmore
HIGHLAND SINGLE MALT SCOTCH WHISKY
Edinburgh Castle
BLENDED SCOTCH WHISKY
Fettercairn
HIGHLAND SINGLE MALT SCOTCH WHISKY
Glen Eagle
BLENDED SCOTCH WHISKY
Glenfoyle
BLENDED & SINGLE MALT SCOTCH WHISKY
Invergordon
HIGHLAND SINGLE GRAIN SCOTCH WHISKY
Inverness Cream
BLENDED SCOTCH WHISKY
John Barr
BLENDED SCOTCH WHISKY
Jura
ISLANDS SINGLE MALT SCOTCH WHISKY
Laird's Reserve
HIGHLAND SINGLE MALT SCOTCH WHISKY
Mackinlay's
BLENDED & SINGLE MALT SCOTCH WHISKY
Old Mull
BLENDED SCOTCH WHISKY
Scots Bard
BLENDED SCOTCH WHISKY
Scottish Star
BLENDED SCOTCH WHISKY
Stewart's
BLENDED SCOTCH WHISKY
Tamnavulin
SPEYSIDE SINGLE MALT SCOTCH WHISKY
Usher's
BLENDED MALT SCOTCH WHISKY
Whyte & Mackay
BLENDED SCOTCH WHISKY
ASSOCIATED COMPANIES
Emperador Distillers Inc (Current owner)
Edinburgh Scotch Whisky Company
Invergordon Distillers
Leith Distillers
Longman Distillers
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