"We have a passion and a reputation for nurturing and building brands. Drambuie is a natural fit for our portfolio," William Grant & Sons' Chief Executive, Stella David said.
With this acquisition the company will be in a position to start to re-engage with existing drinkers and to connect the brand with an entirely new generation of consumers, he said.
"We believe that Drambuie can truly achieve its potential as it will benefit from being part of a larger and more diverse organisation. I look forward to working with the William Grant & Son's team as we smoothly integrate the acquisition and help realise the benefits for both companies," Drambuie's CEO, Michael Kennedy said.