The independent scotch whisky firm said it is targeting increased growth and will invest in new stock after obtaining ‘significant funding’ and a bespoke package including a revolving credit facility and general day-to-day banking support.
Campbell Meyer and Co – JG Distillers wholly owned subsidiary – recently secured £1.7m in invoice finance facilities from Aldermore.
Gerry McSherry, group managing director, said: “Scotch whisky continues to be one of the UK’s major export success stories, accounting for 85% of Scottish food and drink exports and nearly a quarter of the British total.
“Maintaining our maturing stock portfolio is crucial to building on our success. We are delighted that Clydesdale Bank’s knowledgeable team took time to fully understand the very specific dynamics of our business and tailored a bespoke funding package that will support our growth ambitions over the years to come."
The business exports a range of single malt, blended malt and blended Scotch whisky to more than 40 overseas markets, including its best-selling blended Scotch whisky brands Barclays, Highland Chief and McIvor.
Neil Berry, West of Scotland business development manager at Clydesdale Bank, said: “We are proud to support JG Distillers Ltd, a thriving, independent Scotch whisky group supplying blended whiskies and malts from its bonded warehouse in East Kilbride to countries all over the world.
“The company’s success is a testament to the experience, drive and expertise shown by Gerry and his team. With a track record of growing exports in key markets such as the US they are in a fantastic position to expand and develop new markets.”