LOUISVILLE, Ky. (WDRB) -- Brown-Forman has announced it's entering the single-malt Scotch whisky market.

The company has agreed to purchase The BenRiach Distillery Company of Scotland along with three brands. The deal is worth $416 million.

The company says it will add The GlenDronach, BenRiach and Glenglassaugh single-malt Scotch whisky brands to its portfolio. The brands have combined yearly sales of about 75,000 cases.

The deal is expected to close around June 1.

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