Texas distillery receives US$15m to boost production
San Antonio-based Rebecca Creek Distillery has received US$15 million from an investment group to help quadruple its current production capability.
The South Texas distillery sold a minority stake to an investment group, led by Dr Henning Kreke, board chairman of Düsseldorf–based beauty retailer Douglas GmbH.
The investment provides Rebecca Creek Distillery with new capital to boost production, increase capacity, enhance marketing, create new jobs, and move forward with plans to build a new larger distillery, tasting room, and private event centre.
By the end of 2018, the distillery plans to produce more than 100,000 annual cases of its flagship Rebecca Creek Fine Texas Whiskey, as well as Enchanted Rock Vodka, Texas Ranger Whiskey, and other limited edition, single-batch spirits.
“We founded Rebecca Creek Distillery with the goal of producing award-winning, ultra premium whiskeys and vodkas straight from the Texas Hill Country,” said Steve Ison, chief executive officer and founder of Rebecca Creek Distillery.
“In order to expand our production and portfolio, we needed the right partner to take us to the next level of growth.
“Dr. Henning Kreke has made this commitment, and with his expertise and support, we look forward to bringing our Texas spirits to the rest of the world… but with the exact same team and exceptional product quality.”
Rebecca Creek’s core management team consisting of John Morrow, Matt Appleby, Seth Richardson and Steve Ison will remain the same, and will continue to operate out of its existing Bulverde Road location in San Antonio.
The construction of the distillery will begin soon, with a slated opening date of mid-2018.