The Lakes Distillery to Fast-track Growth Plans Following £4.25m Investment
Posted on the 16 January 2020
The Lakes Distillery has secured multi-million-pound funding from Comhar Capital, an investment company focused upon providing capital to businesses run by forward-thinking, growth-orientated owner-managers.
In partnering with The Lakes, Comhar has invested £4.25 million of new equity to support ambitious stock build growth and capital expenditure projects.
Nigel Mills CBE, co-founder and CEO of The Lakes, said, “Our vision is to create a global luxury single malt whisky brand. It’s an ambitious goal and one which means quality is at the heart of everything we do. A sentiment very much shared by Comhar.
“The new investment will help to sustain our ongoing program of capital investment which, in 2020, will see single malt whisky production treble to in excess of one million bottles, the installation of eight new washbacks to facilitate 24-hour distillation, construction of a new racked warehouse, and support for our aspiration to increase sales in the UK, Europe, Asia and the US.”
Craig Wilkinson, Managing Director at Comhar, commented, “We’re looking forward to working with Nigel and the team at The Lakes Distillery as they continue to grow the business.
“In a relatively short space of time, Nigel and the team have successfully established The Lakes brand in the market and its reputation for quality. The Lakes Distillery is very impressive and a real credit to the team.”