FDBusiness.com

Quintessential Brands Raises €28 Million For the Dublin Liberties Whiskey Distillery

 Breaking News
  • UK Bottled Water Sales Top 4 Billion Litres For First Time Last year’s hot summer boosted UK water drinks consumption by more than 7% to 4,267 million litres, according to a new report from food and drink experts Zenith Global. This was worth an estimated £3.330 billion at retail prices. Sales of plain bottled water in retail packs increased by 7.9% to 3.4 billion litres, whilst [...]...
  • Morrisons Signs Up to Arla UK 360 Farm Standards Programme Arla Foods’s new farming standards programme Arla UK 360 continues to gain traction as Morrisons becomes the first retailer to commit to supporting the standards across its entire Arla milk supply. The move means approximately 200 Arla farmer owners will be directly supported by Morrisons to deliver across the eight farm business areas identified in [...]...
  • Vitafoods Europe 2019 – Guiding the Industry to a More Sustainable Future As environmental awareness reaches new heights and the world’s population continues to rise, the issue of providing sustainable foods which also offer a high nutritional value is set to grow, in both importance and complexity, over the next decade. It is with these considerations in mind that Vitafoods Europe 2019 has developed its agenda. The [...]...
  • Nordzucker to Invest €100 Million in Swedish Sugar Production Nordzucker Group will concentrate its sugar production in Sweden at its factory in Örtofta and as part of this process the refinery at Arlöv will be closed. Around €100 million will be invested in the strategy. The project is expected to be completed in autumn 2021. Based at Braunschweig in Germany, Nordzucker Group is one [...]...
  • FrieslandCampina Plans to Build a Sustainable Dairy Processing Plant International dairy co-operative Royal FrieslandCampina is exploring options to build a sustainable and innovative dairy processing plant in the Netherlands. The plant is intended for the processing of member milk into fresh dairy products, ingredients used for the production of early life and adult nutrition, and for cheese manufacturing. It would be built according to [...]...

Quintessential Brands Raises €28 Million For the Dublin Liberties Whiskey Distillery

Quintessential Brands Raises €28 Million For the Dublin Liberties Whiskey Distillery
July 18
10:02 2017

Quintessential Brands has announced a major investment in the Dublin Liberties Distillery Company including new banking facilities. It has agreed an €18.3 million investment by Stock Spirits Group in return for a 25% equity interest in Quintessential Brands Irish Whiskey Ltd (QBIW). QBIW owns The Dublin Liberties and The Dubliner Irish Whiskey brands and last year announced the construction of a new state-of-the-art whiskey distillery and visitor experience in the Liberties area of Dublin. As part of the total €28 million investment in QBIW, a new comprehensive €10 million banking facility has been completed with Wells Fargo Bank.

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 comprises an initial €15 million cash plus a further deferred cash consideration over a five-year period for the 25% equity interest. QBIW will use the investment primarily to complete the construction and fit out of the Dublin Liberties Distillery on Mill Street in Dublin 8, as well as to accelerate advertising and promotional investment in the brands underpinned by significant investment in stock maturation.

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 (9L) 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.

The QBIW senior executive management team of Darryl McNally (general manager and master distiller), Colin O’Neill (chief financial officer) and Sinead O’Frighil (global marketing director) will continue to lead the Dublin Liberties Distillery Company. It will be chaired by Quintessential Brands Group co-founder Warren Scott.

Warren Scott comments: “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.”

Darryl McNally says: “The growth in Irish whiskey has been phenomenal in recent years and shows no sign of abating.  Consumers want authenticity and provenance, as well as amazing product. The Dublin Liberties and The Dubliner Irish Whiskey consistently rank among the finest whiskeys in the world due to the care in their distilling and blending as well as the heritage they get from one of Dublin’s most famous – and infamous – areas.”

Darryl McNally.

Warren Scott confirms that the Dublin Liberties Distillery is scheduled to be completed in the Summer of 2018 and would be a significant tourist attraction to complement the considerable development and investment under way in the Liberties area of Dublin. The distillery will employ up to 15 people when fully operational and up to 40 people are involved in its design and construction.

Mirek Stachowicz, chief executive of Stock Spirits, says: “We are delighted to be partnering with Quintessential Brands in an exciting young whiskey business and to be adding these outstanding brands to our portfolio. We have already developed strong whiskey category management capabilities courtesy of our distribution agreements with our agency partners, and see these brands as being highly complementary to that platform. We see significant potential for the brands globally, including in our core markets of Poland and Czech Republic, and are confident that they will complement our strong market positions in vodka, herbal bitters, brandy and limoncello.  We are hopeful that this will be the start of a long and successful relationship with Quintessential Brands.”

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 which, together with a range of other products, sell a total of 700,000 cases across 50 markets globally. Quintessential Brands employs a total of 51 people in Ireland.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

Jobs: Finance

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements