 It was in 1878 that Robert Fraser disposed of the distillery to the firm Robert Fraser & Co and in 1879 the company was reconstructed as the Brackla Distillery Co Ltd.The 1897 Prospectus reveals that the capital of the company was £100,000, divided into 40,000 preference and 60,000 ordinary shares.The Directors of the company were James Anderson, Wine Merchant, Leith, Andrew Usher of Northfield, John Usher of Norton and Walter C. Newbigging, distiller at Brackla.