High spirits: Waterford distillery and Aldi toast €3m gin deal
THE Waterford-based Blackwater Distillery has agreed a deal worth over €3m with supermarket chain Aldi.
Under the agreement, Blackwater will supply gins to Aldi stores across Australia, the UK and Ireland.
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This comes as Blackwater opened a €1.5m extension to its facility in Cappoquin, Co Waterford, creating seven new jobs.
The deal will see Blackwater's Boyle's Classic Gin and Boyle's Raspberry Blush Gin sold in Aldi Australia's 527 stores for the first time, becoming the latest Irish-based food and drink producer to supply Aldi's Australian business.
Blackwater Distillery CEO Peter Mulryan said: "Our partnership with Aldi has helped us quadruple our sales since 2016 and has also provided the certainty to invest in and expand our business. Our new €1.5m extension will increase our capacity by 400pc, while also providing on-site bottling facilities for the first time and a visitor centre."
Blackwater Distillery has partnered with Aldi since 2016, and the German retailer now accounts for almost 50pc of Blackwater's annual sales.
The volume of product supplied by Blackwater Distillery to Aldi has grown by around 900pc over the past two years, with Aldi selling 140,800 bottles of the Boyle's Gin range in 2018 across Ireland and the UK.
Established in 2014, Blackwater Distillery had fixed assets of €383,457 at year-end December 31, 2017.
Meanwhile, Aldi recently increased its support for small Irish businesses by reducing its payment terms to 14 days for suppliers that transact up to €300,000 with it annually.