Category: Nyetimber

15 Years of Texas Whiskey

Texas is booming as a whiskey region, with distilleries all over the Lone Star State. That history only goes back about 15 years, when pioneers… Read More

Texas is booming as a whiskey region, with distilleries all over the Lone Star State. That history only goes back about 15 years, when pioneers like Balcones Distilling and Garrison Brothers started out. During the recent 15th anniversary celebrations at Balcones, Texas Whiskey Festival co-founder Jake Clements moderated a panel (and tasting) on the first 15 years of Texas whiskey. We’re bringing you that discussion this week on WhiskyCast In-Depth, with panelists Jared Himstedt of Balcones, Dan Garrison of Garrison Brothers, Ironroot Republic’s Robert Likarish, and Ty Phelps of Andalusia Whiskey. In the news, The Lakes Distillery in England is being sold, while Edrington is selling off its Noble Oak American Whiskey brand.

Episode 1051: April 7: 2024

Links: Balcones Distilling | Garrison Brothers Distilling | Ironroot Republic Distilling | Andalusia Whiskey | The Lakes Distillery | Noble Oak | Highland Park | Gordon & MacPhail | Old Fitzgerald | Orphan Barrel | Booker’s Bourbon | Whiskey JYPSI | 2XO Whiskey | High West | Kavalan | High N’ Wicked | Torabhaig Distillery | Dewar’s

Nyetimber to Buy The Lakes Distillery

English wine producer Nyetimber plans to enter the whisky business with its acquisition of The Lakes Distillery in Cumbria. The deal, which values the distillery… Read More

English wine producer Nyetimber plans to enter the whisky business with its acquisition of The Lakes Distillery in Cumbria. The deal, which values the distillery at £71 million, is expected to close later this year after Lakes shareholders vote to approve the offer.

The all-cash offer comes at a time when the distillery is losing money, having reported a loss of £1.3 million in its last fiscal year. However, The Spirits Business reports the distillery has shown a gain of 35% in sales during the first seven months of the current fiscal year.

The distillery needed to raise additional capital over the next three years to fund increased production and expand distribution internationally. In what board members described as a “tough market for raising capital,” they concluded that the Nyetimber offer made the most sense.

Nyetimber CEO Eric Heerema said in a statement “We believe that this potential acquisition represents an opportunity for us to expand our capabilities, drive exciting new growth and support The Lakes in delivering on its ambition to be a globally recognised spirits brand.”

WhiskyCast has requested interviews with the principals in the sale, and this story will be updated as necessary.