FDBusiness.com

Record Profits For BenRiach Distillery

 Breaking News
  • Glanbia’s Strategic Evolution Continues Glanbia, the global nutrition group, has reported a 7% rise in wholly owned revenue from continuing operations to €2.387 billion (up 9.2% constant currency) for the financial year ended 30 December 2017. The drivers of this revenue growth were a 5.3% improvement in volume, a 0.2% increase in price and a 3.7% contribution from acquisitions. [...]...
  • Green Light For Acquisition of Bake & Co by Dr Oetker The European Commission has approved, under the EU Merger Regulation, the acquisition of Bake & Co of Belgium by Dr Oetker of Germany. Bake & Co supplies frozen bakery products sold as ‘bake-off’ to retail and food service customers. Dr Oetker is active in the supply of food products, alcoholic and non-alcoholic beverages, specialty phosphates, [...]...
  • Harrogate Water Announces Move to Recycled PET Plastic In a landmark move towards achieving a circular economy, Harrogate Water, Britain’s oldest bottled water brand, has announced it has successfully secured sufficient availability of recycled PET (rPET), to ensure all product shall contain 50 per cent recycled content from April 2018. The amount of recycled PET content, all guaranteed UK post-consumer supply, will match that [...]...
  • Meyn Introduces New Meyn Vent Cutter 240 For Vent Drilling at High Speeds The new Vent cutter 240 has been designed to operate at high speeds, up to 13,500 bph without sacrificing accuracy or adding yield loss. Optimal positioning of the bird relative to the vent knife before and during drilling ensures the most optimal cut independent of the weight ranges that are processed. The machine ensures consistently low [...]...
  • Arla Foods Achieves Record Organic Revenue Growth in 2017 Strong performances by Arla Foods’ global brands, its international markets, and the ingredients business ensured a year of high growth for international dairy co-operative Arla Foods in 2017, as it delivered a 27.4% increase in pre-paid milk price to its farmer owners, and a net profit of 2.8% of revenue within its target range. This was [...]...

Record Profits For BenRiach Distillery

Record Profits For BenRiach Distillery
July 13
09:55 2015

The BenRiach Distillery Company, owners of the BenRiach, GlenDronach and Glenglassaugh single malt whiskies, has announced record annual pre-tax profits of £11.1 million and a major new £25 million investment in the burgeoning business. Profit before tax is up 24% and turnover, at £41.5 million, is up 17.6% on the corresponding figures last year.

The record profits cap a highly successful year for the Scottish company. In the last twelve months, they were named Global Distiller of the Year by Whisky Magazine, the London Stock Exchange highlighted them as one of the top influential companies to inspire Britain and in the prestigious PWC awards they were recognised as ‘a high-growth company flying the flag for the UK’.

In 2004, Billy Walker and his two South African partners Geoff Bell and Wayne Kieswetter purchased BenRiach, turning it into one of Scotland’s most admired distilleries. When The BenRiach Distillery Company posted its first full year’s figures in 2005, turnover was £4.62 million, pre-tax profit was £241,716 and the company employed just 12 people. The growth over the last eleven years has been impressive. GlenDronach distillery was purchased in 2008, the Newbridge bottling plant in 2010, and, most recently, Glenglassaugh distillery was acquired in March 2013.

The firm currently employs 120 people across its four sites.

Managing Director Billy Walker – also a Master Blender and a Master of the Quiach – says: “We continue to make significant strides in brand development where we are concentrating our efforts on the top end of market. We are an independent, boutique business and we see each distillery as having ‘Grand Cru Chateau’ provenance.”

He adds: “We are very much focused on the future and over the next two years we have ambitious plans for a significant investment of over £25 million in the business. This is being done in partnership with the Royal Bank of Scotland whose support in recent years really has been magnificent.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • February 25, 2018fish international
  • February 27, 2018Warsaw Gastro Show
  • February 27, 2018Int'l Food Fair
  • February 28, 2018GAST
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements