Drinks

Wicklow’s Powerscourt Distillery secures €25m as part of expansion drive

In a statement today the company described the loan as ‘a major milestone in the company's strategic growth plan’

The most recent accounts for Powerscourt show that at the end of 2021 it had total losses of €5.5 million

Powerscourt Distillery, the Wicklow distillery which is part-owned by the Slazenger family, has struck a €25 million debt deal to fund its expansion.

In a statement today the company described the loan as “a major milestone in the company's strategic growth plan” and will allow it to increase the distillery’s production capacity, build its brands, and expand its products into new markets.

The company said that the loan was an asset-based lending package from PNC ...