Scottish gin and vodka producer Linlithgow Distillery has sold 75% of the business to financial services firm Billion Global Chase (BGC).
Financial details of the investment were not disclosed.
With the investment from BGC, Linlithgow plans to add rum and whisky to its product portfolio this year.
Furthermore, it will allow Linlithgow co-founders Alyson and Ross Jamieson to retain 25% ownership of the company.
The pair said jointly: “We’re absolutely delighted to have BGC on board. Their significant investment secures the long-term future of our award-winning distillery.
“The partnership underscores our shared commitment to quality, innovation and sustainability.
“BGC’s financial backing and knowledge of business across a portfolio of business will enable us to achieve our goals of whisky distilling, as well as provide guidance and direction.
“We are deeply grateful for the support of BGC Group and our loyal customers. Together, we are embarking on an exciting new chapter in the story of Linlithgow Distillery. We are very excited about the future.”
Linlithgow Distillery was established in 2017 and is located in West Lothian, Scotland.
Its portfolio includes its range of premium LinGin gins, comprising a London Dry expression, limited edition cask-aged variants, and pink fruit-based gin, a mulled gin, and a navy strength bottling.
In addition to the sale, George Matharu has been appointed as chief executive officer.
Matharu commented: “This investment will enable the company to increase exports to foreign markets, extending the reach of Linlithgow Distillery globally.
“We look forward to sharing our passion for exceptional spirits with new audiences around the world.”
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Author: Melita Kiely