An Edinburgh based distillery has been granted £27 million by RBS as part of a flexible funding package.
Founded in 1898, the BenRiach distillery currently employ 80 people over their 2 sites. In 2008 the company bought over the GlenDronach distillery in Aberdeenshire. This latest investment could expand the company even further. New acquisitions as well as investment in stock and facilities are being considered.
BenRiach supplies its malt whiskeys to countries around the world, including Asia, South Africa and Brazil.
Managing director Billy Walker hopes the fund will create new opportunities for the company, “With demand at an all time high, we are delighted to have finalised this funding package with the Royal Bank of Scotland corporate banking team in Edinburgh. Having filled over 10,000 casks of single malt in 2011 for the first time since the distillery changed ownership in 2004, this new funding facility will enable us to expand our business to meet the worldwide demand for our highly regarded whiskeys.”