|
Tullibardine distillery as it moves back into profit |
| Print |
|
E-mail
|
|
Wednesday, 04 April 2007 |
The company responsible for rejuvenating the Tullibardine whisky distillery says it has moved back into operating profit after incurring substantial but foreseen losses during its start-up phase.
Tullibardine, at Blackford in Perthshire, was mothballed for a decade until it was rescued by a four-man consortium of entrepreneurs which bought the operation in 2003.
Backed by Barclays bank, the quartet acquired Tullibardine for an undisclosed sum from Jim Beam Brands, now Whyte & Mackay, which had decommissioned the place in 1993 because of overcapacity.
advertisement
Founders Doug Ross and Michael Beamish came up with the plan to buy the distillery in 1999 after meeting on a golf course, and later brought in Glasgow accountants Alastair Russell and Alan Williamson for their business acumen.
Source: The Herald
{mos_sb_discuss:6}
|