Funding package boosts JG Distillers

JG DISTILLERS, the Scotch whisky blender and bottler which trades as Campbell Meyer and Co, has secured a funding deal with Clydesdale Bank to invest in stock.

Campbell Meyer, which employs 40 staff at its bonded warehouse in East Kilbride, said the package will help it open new markets and capitalise on the strong demand for its whiskies in the US, the Middle East and Latin America.

The company did not disclose the value of the package, which includes a revolving credit facility and day to day banking support.

It follows a £1.75 million invoice finance facility struck by the company with Aldermore in March.

Campbell Meyer, founded by Colin Barclay in 1991, exports a range of malt and blended whiskies to more than 40 countries, including its best-selling Barclays, Highland Chief and McIvor blends. Its portfolio also includes the Hart Brothers single malt range, which features malts from distilleries such as Ardbeg on Islay.

Group managing director Gerry McSherry said: “Scotch whisky continues to be one of the UK’s major export success stories, accounting for 85 per cent of Scottish food and drink exports and nearly a quarter of the British total.

“As demand continues to grow we aim to develop new markets and expand within existing markets. Campbell Meyer is currently seeing strongest demand in the US, the Middle East and Latin America, but we supply to many more markets around the world. Maintaining our maturing stock portfolio is crucial to building on our success.”