William Grant & Sons has agreed to purchase blended Scotch whisky brands The Famous Grouse and Naked Malt from Edrington subsidiary The 1887 Company.

 The acquisition is subject to customary regulatory approvals, including from the UK’s Competition and Markets Authority. Financial details were not disclosed.

Scott McCroskie, Edrington CEO said: “This decision is driven by our strategy to focus on our core strengths and the growth opportunities in the ultra-premium spirits category. We consider this the right moment for Edrington to exit the blended Scotch category and focus on our core portfolio of ultra-premium spirit brands.

“The Famous Grouse is a well-loved brand that has consistently performed in its category during the time it has been part of Edrington, and Naked Malt has grown its reputation. I am confident that these brands are well-positioned to continue to succeed as part of the William Grant & Sons portfolio.”

A spokesperson for William Grant & Sons added that the brand has “potential for innovation and international growth in a number of markets, and we’re excited about what the future holds”.