Edrington sells majority stake in Wyoming Whiskey

Scottish spirits group Edrington has offloaded its majority holding in US craft distiller Wyoming Whiskey.

The Macallan brand owner has sold its 80% stake to WW Partners, an investment group led by Wyoming Whiskey co-founder David DeFazio.

Financial details of the transaction were not disclosed.

DeFazio said: "Moving forward, Wyoming Whiskey will re-commit to its roots and return to the culture and constitution that made it the whiskey of the West and a staple of the Rocky Mountain whiskey category.

"We are proud to honour the contributions of our partners at Edrington and look forward to introducing the trade and consumers to a Wyoming Whiskey that represents the very best of what this brand has always been capable of."

Edrington initially bought a 35% stake in Wyoming Whiskey in 2018, increasing it to 80% in 2023.

Founded in Kirby in 2006 by Brad and Kate Mead alongside DeFazio, it began distilling in 2009 and is said to be Wyoming's "first legal distillery".

The Wyoming Whiskey roster features Bourbon, rye, and American straight whiskeys.

In addition to the Macallan, Edrington's portfolio includes The Glenrothes, and Brugal rum.

In July, the company sold Scottish whisky

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/edrington-sells-majority-stake-wyoming-134517056.html)