Stock Spirits Group has purchased a one-quarter interest in Quintessential Brands, the parent company of Dublin Liberties Distillery (DLD), amounting to an €18.3m investment in the project.
The distillery began life as the Dublin Whiskey Company (DWC), the first project to start an urban distillery in Dublin. Two other projects were later announced, that of Teeling Whiskey Company and the American corporation Alltech. Teeling won the race to open Dublin’s first new distillery in over a century, and DWC was ultimately acquired by Quintessential Brands in March 2016.
Stock Spirits Group is a drinks company operating in Poland, the Czech Republic, Italy, Slovenia and Croatia, but operating out of the United Kingdom. Heretofore their product line has consisted principally of vodkas, liqueurs and brandies. For its part, Quintessential Brands used the acquisition of DWC to launch Dublin Liberties and Dubliner whiskey brands, based on sourced stock.
In addition to the buy-in by Stock Spirits, Quintessential also picked up an additional €10m in financing for Dublin Liberties from Wells Fargo.