Halewood Wines & Spirits has secured a £50m debt facility from Royal Bank of Scotland as part of its strategy to develop a balanced portfolio of spirits.
The three-year deal with the bank’s asset based lending team, announced this week, had been agreed to support Halewood’s new management team’s growth and acquisition strategy over the coming years, said ceo Stewart Hainsworth.
The partnership was “another important step forward” in Halewood’s strategic plan to build a portfolio of distinctive brands with strong local provenance, he added.
The aim was to create a balanced portfolio of spirit brands to complement the Liverpool-based company’s existing “well known” brands, such as Crabbies and Red Square, he said.
The development of the craft spirits portfolio was already “well underway”, with Halewood’s Whitley Neill gin enjoying ”strong growth” allied to recent investments in West Cork Distillers, Pogues Irish Whiskey and Rum Sixty-Six, said Hainsworth.
Recently, the family-owned business made its first foray into beer with an investment in Lake District-based craft beer brewery, Hawkshead, and announced the construction of a new Welsh Whisky Distillery at Aber Falls.
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