Inver House Distillers, maker of Old Pulteney, Balblair and Speyburn whiskies, is upping capacity as it targets overseas growth thanks to a £10 million funding package.
The Airdrie-headquartered group will use part of the financing, which has been agreed with Bank of Scotland, to support the construction of 12 additional warehouses, creating space for a further 120,000 casks of whisky. Current capacity stands at some 500,000 casks.
Investment at the Speyburn distillery will see production there more than double, producing 4.2 million litres of whisky per annum in order to meet demand for growing international markets.
Managing director of Inver House, Graham Stevenson, said: “The success of our brands on the global stage, specifically Speyburn, means that we’re very much in growth mode. “The whisky industry is buoyant, despite various economic and political uncertainties around the globe. The longer term demographics and prospects of the emerging markets are very positive and we need to be prepared for these opportunities.”
Mark Hull, relationship director at Bank of Scotland, added: “The management board of Inver House Distillers is highly experienced and operationally strong with a proven track record and we look forward to working with them as they realise their international expansion targets.”
Inver House – established in 1964 – employs 204 people across its six sites in Scotland and generates revenues of more than £80m. Key export markets include Russia and the US.
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