Lakes Distillery sells stake to investment firm

Cumbria’s Lakes Distillery has sold a minority stake of its business to investment firm Comhar Capital for £4.25 million (US$5.5m) to support its growth plans. The funding will support the English producer’s ongoing investment programme and “continued growth” in maturing whisky stocks. It will also assist with investment in the distillery and visitor centre and will see production capacity triple to more than 1m bottles annually. Nigel Mills, co-founder and CEO of The Lakes Distillery,…

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White Claw Hard Seltzer to open $250m plant

Chicago-based Mark Anthony Brewing will invest more than US$250 million in opening a new facility for its White Claw Hard Seltzer brand in Arizona to meet “explosive demand”. The new “state-of-the-art” White Claw site will be located in Glendale, Arizona, in the US, with construction expected to be completed in “record time”. The 916,000-square-foot facility is projected to be up and running in under seven months with an expected opening date of June 2020. “The…

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Craft Gin Club nears 75% of £2m fundraising target

Subscription service the Craft Gin Club has raised almost 75% of its £2 million (US$2.6m) crowdfunding target, which will enable the business to achieve its expansion plans. The UK-based business launched its inaugural Gin Bond fundraising platform on 31 October 2019, which will close on 13 December. To date, the investment drive has raised nearly £1.5m (US$1.97m) – 73% of its goal. Proceeds from the Gin Bond will enable the Craft Gin Club to improve…

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Nc’nean to launch £1m crowdfunding drive

Highland distillery Nc’nean is looking to raise £1 million (US$1.3m) through crowdfunding to help accelerate its growth. The sustainable whisky distillery has launched a Seedrs campaign to support the launch of Nc’nean’s first whisky next year and further portfolio expansion. It will also be used to continue the growth of its botanical spirit and to buy bottling equipment. Nc’nean is based on the west coast of Scotland and was founded by Annabel Thomas and Derek…

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Cotswolds Distillery seeks £1m for whisky expansion

The Cotswolds Distillery is looking to raise £1 million (US$1.3m) worth of investment to help expand its whisky production.  The English producer is now looking to “maximise its whisky production and continue its brand-building programme” through its Angel’s Share 2 fundraising platform. For 2019/20, The Cotswolds Distillery has set a fundraising goal of between £3m and £5m (US$4m and US$6.5m). The Cotswolds Distillery will use the funds to expand its whisky range with new releases,…

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