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.