Bladnoch gains £10m loan to expand globally
Lowland distillery Bladnoch has secured a £10 million (US$13.8m) loan to expand into new markets across the world.
The HSBC loan will allow Bladnoch to boost its distribution in markets, including Australia, China, the US, Israel and parts of Europe. The money will also help the site to improve its energy efficiency.
Master distiller Nick Savage, who joined Bladnoch from The Macallan in 2019, said: “While trading conditions have been challenging in the face of Brexit and Covid-19, we’ve managed to grow through this period and the business is now in a place where it can explore new opportunities to increase our international sales and reputation.”
In March this year, Bladnoch unveiled its biggest global release since the distillery was revived by Australian entrepreneur David Prior in 2015.
The new single malt Scotch whisky, called Vinaya, has been matured in ex-Bourbon and ex-Sherry casks.
The non-chill-filtered expression is named after a Sanskrit word, which means respect and gratitude.
The resulting liquid offers notes of apple, floral grass and chocolate.
“By using first-fill ex-Bourbon barrels, we’re able to highlight the floral notes from the distillery character and a refreshing, citrus sweetness,” said Savage.
“The first-fill ex-Sherry casks then add a subtle rich body to the whisky, and mouthfeel to the experience, finishing with notes of chocolate.
“These individual aspects combine in the whisky to showcase the classic aspects of our distillery. ”
Bottled at 46.7% ABV, Vinaya is priced at RRP £50 (US$69).