Teeling in talks to sell 20 per cent of Great Northern for €5 million

The Teeling family are in discussions with a number of investors about selling a 20 per cent stake in the Great Northern Distillery for around €5 million.

22nd March, 2015
John Teeling’s Irish Whiskey Company bought the Great Northern Distillery in 2013. Picture: Feargal Ward

Discussions with investors are at an advanced stage and could be completed within the next couple of months, according to sources. The deal is set to value the company at more than €25 million.

It is understood that any equity investment deal is likely to involve a firm looking to launch a new whiskey, which will be supplied from Dundalk, while also investing in the company.

Currently two months from production, the Great Northern Distillery...

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