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Article: French buy Speyside Cooperage
- Article from:
- The Scotsman
- Article date:
- April 4, 2008
- Author:
CopyrightCopyright 2008 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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A FAMILY-OWNED whisky cooperage in Banffshire has been sold to a
French industry peer for about GBP 8 million.
Speyside Cooperage, which makes oak casks for whisky at its
plants in Aberlour and Broxburn, has been bought by Francois Freres
Tonnellerie, after 60 years as a family-owned company.
Managing director Douglas Taylor said yesterday he and his
brother William decided to sell the company because there were no
family members who wanted to take on the business after their
retirement.
Taylor said he would remain in his role for a "finite" period
while the handover took place, while his brother was likely to stay
working at the firm for the foreseeable future.
He added that there was ...