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BenRiach Distillery Company in £27m funding boost

BenRiach Distillery Company in £27m funding boost

An independent whisky distillery may embark on the acquisition trail after securing a £27m funding package from Royal Bank of Scotland.

Edinburgh-based BenRiach Distillery Company will use the cash to invest in stock and facilities and, "if the opportunity arises, selective acquisitions".

The firm currently employs 80 people across two sites.

Founded in 1898, BenRiach has grown substantially during recent years.

In 2008, it acquired the Glendronach distillery in Aberdeenshire before launching a five-line bottling plant in Newbridge in 2010.

The company supplies a range of 12 to 15-year-old single malt whiskies, along with more mature and premium varieties, to markets including western Europe, Asia, North America and, increasingly, Brazil and other Latin American economies.

BenRiach managing director Billy Walker said: "Having filled over 10,000 casks of single malt in 2011 for the first time since the distillery changed ownership in 2004, this new funding facility will enable us to expand our business to meet the worldwide demand for our highly regarded whiskies."

Source: BBC News Scotland

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