The Glenallachie distillery in Speyside has been sold by Chivas Brothers to a consortium headed by former BenRiach MD Billy Walker.
The consortium said its mission was ‘to be a wholly Scottish-owned, Scottish-based, and truly independent Scotch whisky company, producing excellent whiskies and offering them to the market at premium but affordable prices’.
Savage, with more than 30 years’ experience in Scotch, has worked closely with Walker throughout her career.
Pernod Ricard said the sale was in line with its strategy ‘to focus on its priority spirits and wines brands and to adjust its industrial footprint to its needs’.
The sale is expected to close before the end of 2017.