During the height of the whisky boom, James Grant, proprietor of Glen Grant, constructed another distillery "across the road" which he envisioned would be named Glen Grant No. 2 Distillery (see "Glen Grant"). The original design was to augment Glen Grant's supply, with the output of both distilleries being treated identically, and even a pipeline connecting the two. However, reportedly from the outset, No. 2's spirit was distinct. It commenced operations in 1898, two years prior to the boom turning to bust, and closed in 1902. The floor maltings and two kilns continued supplying malt to Glen Grant Distillery, while the warehouses were utilized for raw material storage. The distillery remained dormant until its reconstruction in 1965 by The Glenlivet Distillers Ltd, expansion to four stills in 1967, and renaming to "Caperdonich" after its water supply well. In 1977, the distillery became part of Seagram's following their acquisition of The Glenlivet Distillers. In 2001, upon Pernod Ricard's acquisition of Seagram's whisky assets, the distillery transferred to the new owners. The subsequent year, Pernod Ricard's operating company, Chivas Brothers, closed the distillery. In 2012, Forsyths (established in the 1890s, proprietors of exclusive copperworks in Rothes, now supplying stills, collection vessels and associated piping for the majority of new distilleries worldwide) acquired Caperdonich Distillery, demolished the structures, with the site now supporting their fabrication business operations on this street.