More Foreign Investment In Irish Craft Spirits
Mark Anthony Brands, the fast-growing North American drinks production and distribution company, has invested €3.5m to take a significant but undisclosed stake in Glendalough Distillery.
Founded five years ago by five friends including two former stockbroking drinks analysts, Barry Gallagher and Brian Fagan, Glendalough Distillery markets a range of whiskey, poitin and gin brands, and is currently building a distillery in Co Wicklow. Former rugby international Brian O’Driscoll and C&C chief financial officer Kenny Neison are among its investors.
Mark Anthony Brands set up a European HQ in Dublin at the beginning of this year, headed by experienced drinks marketer Davin Nugent. The group deals with 450 distributors in the US – Glendalough products are already available across the Atlantic.
Earlier in this year, British firm Quintessential Brands bought the Dublin Whiskey Company for €10m.
© 2016 - Checkout Magazine by Ingmar Kiang