Sunday, November 28, 2021

Whisky firm eyes expansion with support from Clydesdale Bank

Independent Scotch whisky firm JG Distillers is targeting increased growth with support from Clydesdale Bank.

The whisky blender, bottler and exporter, which trades through its wholly owned subsidiary Campbell Meyer and Co, Ltd is investing in new stock after obtaining significant funding from Clydesdale Bank’s West of Scotland Business and Private Banking Centre in Glasgow. The bespoke package includes a revolving credit facility together with general day to day banking support.

Founded in 1991 by Colin Barclay the JG Distillers Group employs 40 staff at its bonded warehouse facility in East Kilbride. The business exports a range of single malt, blended malt and blended Scotch whisky to over 40 overseas markets, including its best-selling blended Scotch whisky brands Barclays, Highland Chief and McIvor. It also supplies a range of Hart Brothers single malts featuring whisky from some of Scotland’s most acclaimed distilleries including world famous Islay distillery Ardbeg.

According to figures published by the Scotch Whisky Association in April of this year, Scotch whisky exports increased by 3% last year and were worth £4.3bn to the UK economy. The fastest growing markets were the US, India and Brazil.

Gerry McSherry, group managing director, says: “Scotch whisky continues to be one of the UK’s major export success stories, accounting for 85% of Scottish food and drink exports and nearly a quarter of the British total.”

“As demand continues to grow overseas we aim to develop new markets and expand within existing markets. Campbell Meyer is currently seeing strongest demand in the US, the Middle East and Latin America, but we supply to many more markets around the world.

“Maintaining our maturing stock portfolio is crucial to building on our success. We are delighted that Clydesdale Bank’s knowledgeable team took time to fully understand the very specific dynamics of our business and tailored a bespoke funding package that will support our growth ambitions over the years to come. The revolving credit facility gives the group medium term funding which marries well with the aging process and forward commitments required to maintain and grow our inventory.”

Neil Berry, West of Scotland Business Development Manager at Clydesdale Bank, said: “We are proud to support JG Distillers Ltd, a thriving, independent Scotch whisky group supplying blended whiskies and malts from its bonded warehouse in East Kilbride to countries all over the world.

“The company’s success is a testament to the experience, drive and expertise shown by Gerry and his team. With a track record of growing exports in key markets such as the US they are in a fantastic position to expand and develop new markets.

“We look forward to working in partnership with JG Distillers and helping the group to achieve their substantial growth plans.”

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