£6 million raised to fund distillery growth
June 27, 2018
It is an incredibly exciting time for us as we announce a recent investment of £6 million from private investors and the Clydesdale Bank.
This boost has allowed us to order more stills and invest in other areas of the business which will ultimately see the distillery double its whisky production in 2019 to 1 million bottles per annum.
This great news comes on the back of the recent sellout success of our inaugural whisky release, 1770 Glasgow Single Malt Scotch Whisky.
Launched in March, the online ballot for 1770 was quickly oversubscribed and the decision was taken to both close it early and to limit purchases to a single bottle per-person, in an attempt to give as many people as possible the chance to own a piece of history.
With only 5,000 bottles of the first release existing globally, successful applicants for 1770 Glasgow Single Malt Scotch Whisky were contacted on closure of the ballot and product was sold out within days.
Liam Hughes, our CEO and co-founder of The Glasgow Distillery Company said: “We couldn’t be more thrilled at the reception our first single-malt whisky has received.
“We have been blown away by the demand generated, and in the end, we had to limit the bottles to one per-person to try and ensure as many people as possible got their chance to buy our inaugural release. We know some people didn’t manage to get their hands on the bottle, but our 2019 releases will be along soon with our second unpeated release and our first peated release already planned in.
“£6 million will enable us to order two more still and effectively double our production to 500,000 lpa whilst investing in distillery infrastructure and office space.”
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