The investment which has been funded by the sale of a 25% stake in Quintessential Brands Irish Whiskey Limited, to Stock Spirits Group, will primarily be used to complete the construction and fit out of the Dublin Liberties Distillery in Dublin 8, as well as significant investment in stock maturation.
|The Dublin Liberties Distillery due to open in 2018|
Stock Spirits Group, is a leading owner and producer of premium branded spirits and liqueurs that are principally sold in Central and Eastern Europe. The investment by Stock Spirits Group, comprises of an initial €15 million in cash plus a further deferred cash consideration over a five-year period for the 25% equity interest.
The Dubliner Irish Whiskey, was recently confirmed as the fastest growing Irish whiskey globally. The range of products in The Dublin Liberties and The Dubliner Irish Whiskey portfolios currently sell in more than 30 countries with sales in excess of 32,000 cases in the 12 months to March 2017.
Quintessential Brands acquired the Dublin Liberties Distillery in 2016 and has over the past 12 months developed designs for a unique distillery and visitors’ experience in the heart of Dublin. Construction on the Dublin Liberties Distillery started in January 2017, and it is due to open in 2018.
Commenting on the news, Warren Scott from Quintessential Brands Group, said: “This investment and partnership with Stock Spirits comes at the beginning of a very exciting next phase in the development for our Irish whiskies. We are a brand-led business and both The Dublin Liberties and The Dubliner Irish Whiskey have developed great traction in more than 30 markets with significant potential for further growth and range expansion in the coming years. We are delighted to be working with Stock Spirits and with the completion of the Dublin Liberties Distillery we will create a home for the brands and an exciting new visitor experience in the heart of Dublin”.
Quintessential Brands, also owns a portfolio of Irish creams and liqueurs brands together with a production and bottling facility in Abbeyleix, Co. Laois. Its brands include Feeney’s Irish Cream, O’Mara’s Country Cream, Brogan’s Irish Cream and O’Casey’s Irish Cream.
Posted by Steve Rush