Central and Eastern European group Stock Spirits has entered the Irish whiskey category with the purchase of a 25 percent stake in Quintessential Brands’s Dublin Liberties Distillery Company. Quintessential Brands acquired the Dublin Liberties Distillery Company and its €10 million distillery, along with The Dublin Liberties and The Dubliner Irish Whiskey brands in March last year, for up to €18.3 million (US$21m).
The UK-based firm is currently building The Dublin Liberties Distillery in Dublin, which will produce single malt Irish whiskey, and is scheduled to be completed in summer 2018.
Stock Spirits’s investment will be used to complete the construction of the distillery, accelerate advertising and promotion, and to finance working capital and stock maturation.