DINGLE DISTILLERY LAUNCHES ITS LATEST BATCH OF SINGLE MALT WHISKEY

The Dingle Distillery, has announced the launch of its latest batch of Irish single malt whiskey.

Dingle Single Malt Batch 5 (46.5% ABV) has been matured in a combination of ex Bourbon, PX and Madeira casks.

Dingle Single Malt Batch 5

For the Dingle Distillery, which produces a mere 4 casks of hand-crafted whiskey a day, this latest release will make history as their biggest, with a total of 36,500 bottles.

This will include 500 bottles which will be bottled at cask strength (59.3% ABV) as a tribute to the 500 Founding Fathers (and mothers), the people who backed the distillery at its foundation by each investing in a cask of the first spirit to come from Dingle's stills.

For Master Distiller Graham Coull, who joined Dingle in October 2019, this is his second batch release. He believes that the use of Madeira casks in this whiskey adds a subtle complexity.

Commenting on the launch, Graham, said: "The Madeira influence adds a great depth of flavour and a kind of backbone to this remarkable whiskey while not masking the subtle spice from the Bourbon casks or sweet tone from the Pedro Ximenez ones".

Dingle Single Malt Batch 5, will be available this month in Ireland for a RRP of €70.00. Dingle Single Malt Batch 5 Cask Strength, will be available exclusively online from irishmalts.ie for a RRP of €150.00.

Posted by Steve Rush

THE GLENALLACHIE DISTILLERY SECURES NEW LENDING PACKAGE

The GlenAllachie Distillery, has today announced that is has secured a £30m lending package, to help support its continued global growth.

The lending package was secured through Clydesdale Bank, with the help of the new Scottish arm of Belfast-based boutique corporate finance specialists HNH.

Managing Director of The GlenAllachie Billy Walker

The GlenAllachie, who appointed Bruce Walker, a Director of HNH’s Edinburgh team, to lead the refinancing exercise, will use the facility to fund working capital and capital expenditure as it continues to develop its Speyside single malt Scotch whisky brand around the world.

Commenting on the news, Billy Walker, Managing Director of The GlenAllachie, said: “This new debt facility will enable us to continue our journey at the pace we want and further develop GlenAllachie as a premium single malt brand around the world.”

The GlenAllachie distillery, which was named Distillery of the Year Award at The Scottish Whisky Awards, was bought from Chivas by a consortium led by Billy Walker in 2017.

Posted by Steve Rush

THE NC'NEAN DISTILLERY SECURES £1.7M IN FUNDING TO HELP SUPPORT ITS CONTINUED GROWTH

The Nc’nean Distillery, on the Morvern peninsula in Scotland, has announced that it has successfully raised over £1.7m in funding through both crowdfunding and private investors.

The female-founded, organic and sustainable whisky distillery, exceeded its funding target in little over a week after launching the campaign on investment platform Seedrs. Further funding was injected from existing and new private investors, bringing the total funding to over £1.7m.

The Nc'nean Distillery secures £1.7m in funding to help support its continued growth

The investment raised will go towards supporting the launch of their first whisky this year, the continued growth of their innovative Botanical Spirit, as well as buying bottling equipment and supporting further portfolio expansion.

Commenting on the news, Annabel Thomas, CEO and Founder of Nc’nean, said: “Nc’nean’s funding success shows the overwhelming support from our community in what we do. We would like to thank our existing investors for their continued support and welcome all our new investors on board. Since inception, we have strived to drive change in the whisky industry through experimental spirits and sustainable production. 2020 will be our most exciting year to date as we introduce our whisky to the world for the first time and continue to grow our business.”

Nc’nean’s first product was a Botanical Spirit, a whisky-gin hybrid that showcases the distillery’s unaged whisky spirit as its base. Launched in late 2018, it was voted ‘Top 10 most innovative new spirits’ by The Spirits Business.

Posted by Steve Rush