Halewood secures £50m to fund growth plans

Drinks: Drinks

Liverpool Gin and Whitley Neill brand owner, Halewood Wines & Spirits has secured a new, three-year £50m debt facility to help fund expansion plans.

The news comes just a week after the company announced it had made its first move into the beer world, by purchasing a stake in Lake District-based brewery, Hawkshead.

The funding, from the Royal Bank of Scotland’s Asset Based Lending Team, will be used to fund future acquisitions, with the company saying it is aiming to ‘develop a balanced portfolio of spirit brands’. Other well-known brands on the company’s books include Crabbies and Red Square.

‘The partnership with RBS is another important step forward in Halewood’s strategic plan to build a portfolio of distinctive brands with strong local provenance,’ CEO, Stewart Hainsworth, said.

Liverpool-based Halewood currently has a £215m turnover and exports to 90 countries. The company agreed import and distribution rights for the Rum Sixty Six brand in October and will open the new Aber Falls whisky distillery in North Wales later this year.

About Author

Claire Dodd

As a freelance journalist, Claire has written about pretty much any topic you can imagine, from which are the best sausages, to how to flood-proof your home. However, her writing on drinks began when she landed a job as a features writer for the Publican magazine in 2007. Adjusting to a lifestyle of sampling the best drinks from around the world was tough, but someone had to do it. Having left the title in 2011, today Claire focuses on drinks and travel writing for both consumer and trade titles. Aside from searching the globe for the best drinks, and the nicest spots to consume them, she also judges global brewing competitions and keeps an eye on the business moves of the on-trade.

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