The deal gives Distell control of Black Bottle and Scottish Leader blended whisky as well as the malts Bunnahabhain, Deanston, Tobermory and Ledaig.
Distell and Burn Stewart have operated a joint venture to market Bunnahabhain, Scottish Leader and Black Bottle in sub-Saharan Africa since 2007.
The South African company – whose own portfolio includes Bisquit Cognac, Savanna cider and a multitude of wine brands including Fleur du Cap, Drostdy-Hof and Nederburg – is buying 100% of the Burn Stewart share capital from Scottish-based Hine Cognac producer CL World Brands and bitters and rum producer Angostura of Trinidad & Tobago.
Distell managing director Jan Scannell said: “Our acquisition is a very significant development from a strategic perspective but also given the rich and proud history and heritage of the brands involved.
“We have a acquired a business with a portfolio of strong brands, backed by a sound production and marketing team.
“Their expertise is integral to the ongoing success of Burn Stewart.”