The biggest drinks acquisitions of 2019

Loch Lomond acquired by Chinese firm in deal worth over US$500 million

The producer of Glen’s vodka, Loch Lomond, was acquired by a Chinese buyout firm in a deal worth over US$500 million (£395 million) in June.

Hill House Capital bought the Scottish spirits producer, which also makes Glen Scotia and Loch Lomond whisky labels, after a five-year project to expand its international business.

Loch Lomond, founded in 1843, was owned by the Bulloch family until it was acquired by PE firm Exponent in 2014.

It is understood that Hill House Capital paid between $500 million and $550 million to purchase the distillery, according to Scottish Field.