Pernod Ricard, the world’s number 2 in wines and spirits, announced today the signing of an agreement with Billy Walker, Graham Stevenson and Trisha Savage of The Glenallachie Consortium, an independent Scottish company producing whiskies and offering a premium selection, for the sale of the Glenallachie distillery, located in Scotland.

The acquisition has been operating through Pernod Ricard’s subsidiary, Chivas Brothers Limited.

The transaction includes the Glenallachie single malt brand and the MacNair’s and White Heather blended scotch brands.

The closing of the transaction is subject to the customary conditions and will take place before the end of 2017.