Pernod Ricard SA agreed to sell the Glenallachie distillery to a consortium led by Billy Walker, Graham Stevenson and Trisha Savage, Pernod Ricard said.
The deal includes the Glenallachie single-malt brand, MacNair's and White Heather blended scotch brands, and relevant inventories. The company said the transaction was in line with its strategy to focus on its priority spirits and wines brands.
The transaction, subject to customary conditions, is expected to close before the end of 2017.
Financial details of the deal were not disclosed.