Powerscourt Distillery invests €25m in global growth plans
“Leveraging our substantial whiskey stocks makes great sense,” said Roger Duggan, general manager of Powerscourt Distillery
The Powerscourt Distillery has announced plans to invest €25 million into its global growth plans.
Based in Enniskerry, Co. Wicklow, the Irish whiskey producer secured the loan from PNC Business Credit.
Powerscourt said it will use the additional capital to boost its production capabilities, enhance brand development and support its expansion into new markets worldwide. It will also use the facility to refinance previous funding and for general working capital.
“Leveraging our substantial whiskey stocks makes great sense. It will enable us to continue growing at the pace we want and further develop our brand globally,” said Roger Duggan, general manager of Powerscourt Distillery.
“More importantly, it will allow us to achieve our ambitions with greater financial stability and certainty in the years ahead.”
The Distillery received support in the transaction from specialist corporate finance advisor HNH, whose director Bruce Walker led the financing exercise.
Walker said the deal is “a great result for The Powerscourt Distillery and the outcome of a competitive process led locally by the HNH team.
“We were delighted to work with such a high-quality asset with an outstanding management team with a crystal-clear strategic vision.
“It was also good to work with PNC again, who were able to deliver a compelling proposal based on their clear understanding of the sector and their desire to build a strong relationship with the team at Powerscourt.”
