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Feragaia sells majority stake to Isle of Raasay whisky owner
Yahoo Finance· 2025-11-11 13:28
Core Insights - Feragaia has sold a majority stake in its non-alcoholic spirits business to Chanrossa, a Scottish luxury goods group, which owns Isle of Raasay whisky [1] - The financial details of the transaction were not disclosed, but the cash injection is expected to help Feragaia scale production and expand globally [1] - Feragaia's co-founders will remain fully involved as shareholders in the group following the acquisition [4] Company Overview - Feragaia was established in 2019 and launched its 0.0% distillery in Glenrothes, Fife, Scotland, three years ago, with its main product being the bottled 0.0% spirit [2] - Chanrossa's spirits division includes whisky bottling and e-commerce business Caskshare, as well as a distillery management system called MasterDistiller [5] - Chanrossa is also in the process of building a new single malt Scotch distillery named Machrihanish in Campbeltown, western Scotland [5] Strategic Alignment - Both companies emphasize a commitment to providing a progressive drinking experience for modern consumers [2] - William Dobbie, managing director at R&B Distillers, expressed excitement about adding Feragaia to their portfolio and enhancing their global growth plans [3][4] - The acquisition aims to strengthen Scotland's reputation for innovation in both alcoholic and alcohol-free spirits [4]