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Last Updated: Monday, 3 March 2008, 00:21 GMT
Distillery to make whisky again
Stuart Nickerson
Stuart Nickerson is the new managing director at Glenglassaugh
Production at a 133-year-old Scottish distillery will restart for the first time since 1986.

The Glenglassaugh distillery, built in 1875, was a contributor to Famous Grouse, Laing's and Cutty Sark blends.

It is expected the reopening of the distillery in the village of Portsoy on the Moray coast, will result in the creation of up to 20 jobs.

It comes after a Dutch investment house, Scaent, agreed a 5m acquisition of the business from Edrington Group.

Massive potential

Stuart Nickerson, the firm's new managing director and Scottish whisky expert, said: "Start-up funding will cover running costs for the first year - we estimate it will take six or seven months to bring the distillery back to full working order.

"Glenglassaugh has the capacity to make one million litres of whisky a year and has high-growth potential. The product will appeal to malt collectors, those on high-disposable incomes and target markets include Eastern Europe."

Jonas Garbaravicius, Scaent group executive vice president, said the company recognised that the Glenglassaugh distillery had massive potential and was a perfect opportunity to bring an historic Scottish business back to life for future generations to enjoy.

The deal has also been backed with 2m start-up funding from Barclays commercial department.

Production will start by the end of the year.



SEE ALSO
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29 Dec 07 |  Scotland
Plans for Moray distillery backed
08 Oct 07 |  North East/N Isles
Illicit whisky trail walks opened
29 Aug 07 |  North East/N Isles

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