Play
Donegal's Sliabh Liag Distillers plans to raise €2m in funding round
Whiskey
The Sliabh Liag Distillers team in 2020. Left to right: Marion McGinley, Deirdre Byrne, James Keith, Moira and James Doherty, Agnes Cunningham and Sean Hanrahan
An Dúlamán Irish Maritime gin from Sliabh Liag Distillers
/
Sliabh Liag Distillers, a Co Donegal whiskey, gin and vodka company, plans to raise €2m in crowdfunding as part of a new equity round, with the founders valuing the business at €29m.
The firm is looking to boost production capacity at its Ardara Distillery in Co Donegal. It hopes to increase output at the distillery from 440,000 litres to 600,000 litres per year.
James Doherty, managing director and co-founder of Sliabh Liag Distillers, said the demand it expects in the coming years meant now is the right time to invest in bolstering production.
He added it already had €1.3m committed from previous investors.
Sliabh Liag Distillers built its Ardara Distillery following earlier successful funding rounds. These included a significant investment from Japanese drinks giant Asahi, backing from former SABMiller executives and a previous successful crowdfunding campaign in 2020.
The new crowdfunding campaign on Crowdcube will launch later this month and run for four weeks.
Sales volumes for all Sliabh Liag Distillers’ brands – including Silkie Irish whiskey – grew by 166pc across 2021.
Most Watched
Play
Play
Play
Play
Play
Latest Irish
- Deloitte has earned €347,000 for work on Stobart Air liquidation
- Irish M&A deal value drops sharply but deal flow holds
- Richard Curran Opinion Even if we don’t hit a recession, for many it is going to feel like one
- Government enjoying bank windfalls but losses are still lurking beneath the surface
- IrelandsEye out to prove knitwear is not just something for the tourists
Most Read
Latest
- Revealed: The Boy, The Mole, The Fox And The Horse TV adaptation’s star-studded cast
- New TV show is looking for singletons living in rural Ireland - and struggling to find love
- Love Island recoupling ruffles feathers in the villa after unexpected choices
- Trio to be sentenced today for murdering Logan (5), found in river
- Harry Wild review: Sorry, I’m afraid I’m just not wild about Harry