More than €150 million is to be invested into Irish Distillers’ Midleton Distillery, maturation site in Dungourney, Co. Cork, and bottling plant Fox and Geese, Dublin over the next two years
- Nearly €130 million to be spent expanding and upgrading Irish Distillers’ distillery in Midleton, and maturation site in Dungourney, Co. Cork
- Over €20 million investment in upgrades to Irish Distillers’ Fox and Geese bottling site in Dublin, including extensions to the main operating bottling hall and storage warehouses
- Eight new maturation warehouses, holding 16,800 casks each, to be built at Dungourney maturation site
- Additional equipment installed in Midleton Distillery to expand capacity
Sunday, 14th of October 2018: Irish Distillers, the makers of the world’s most enjoyed whiskeys and one of Ireland’s leading suppliers of spirits and wines, has announced the investment of over €150 million in its sites in Cork and Dublin to meet demand for its products as the Irish whiskey renaissance continues apace. This is accelerated by the continued growth of Jameson which is now in double or triple-digit growth in more than 80 markets across the world. Nearly €130 million is to be spent expanding and upgrading the distillery in Midleton, and maturation site in Dungourney, Co. Cork, with over €20 million being invested in development of its bottling plant in Fox and Geese, Co. Dublin.
The investment will see the construction of eight new maturation warehouses, each holding 16,800 casks, with further land to be purchased to support the next phase of development, in Dungourney, Co. Cork.
The company has also added an additional mechanical vapour recompression evaporator, made by GEA Wiegand in Germany, to its Midleton Distillery in East Cork. The addition allows the distillery to further expand its capacity. A third mash filter and new fermenters are also to be installed in the distillery to meet the increasing demand for its portfolio of whiskeys. The distillery will also complete construction of a new office building in July 2019.
Investment in Irish Distillers’ bottling site in Fox and Geese will see extensions to the main operating bottling hall, storage warehouses, laboratory, and office spaces and additional upgrades to bottling and packing equipment.
Commenting on the investment, Conor McQuaid, Chairman and CEO said: “This €150 million investment in Midleton, Dungourney and Fox and Geese reflects the growing international success of Irish Distillers’ whiskey portfolio. With a tradition dating back to 1780, we have been distilling in the Midleton Distillery since 1975 and we are delighted to confirm our commitment to this tradition, and at the same time continue to embrace progress, delivering new and innovative expressions of Irish whiskey. We look forward to building upon our success story by continuing to bring innovative Irish whiskeys to the market.
“Irish whiskey is the fastest growing premium spirit in the world, with sales now accounting for more than one third of all Irish beverage exports. This investment will help to allow this growth to continue for years to come. The company is proud to play its role in the Irish drinks industry, which is a hugely important part of the Irish economy.”
Notes to the editor:
About Irish Distillers
Irish Distillers is one of Ireland’s leading suppliers of spirits and wines and producer of the world’s most well-known and successful Irish whiskeys. Led by Jameson, our brands are driving the global renaissance of Irish whiskey. Jameson is the world’s fastest-growing Irish whiskey, experiencing 28 years of consecutive growth and hitting sales of 7.3m cases in 2017/18. Our brands are exported to 130+ markets, with over 80 of those experiencing double- or triple-digit growth.
Irish Distillers was formed in 1966, when a merger took place between John Power & Son, John Jameson & Son and Cork Distilleries Company. In 1988 Irish Distillers joined Pernod Ricard, gaining access to unprecedented levels of investment and an extensive global distribution network. Since 2012, we have invested over €400 million to double our production and bottling capacity to meet global demand for our products.
We employ over 600 people across our operations in Cork and Dublin.
About Pernod Ricard
Pernod Ricard is the world’s n°2 in wines and spirits with consolidated Sales of €8,987 million in FY18. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard holds one of the most prestigious brand portfolios in the sector: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur, Mumm and Perrier-Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo and Kenwood wines. Pernod Ricard employs a workforce of approximately 18,900 people and operates through a decentralised organisation, with 6 “Brand Companies” and 86 “Market Companies” established in each key market. Pernod Ricard is strongly committed to a sustainable development policy and encourages responsible consumption. Pernod Ricard’s strategy and ambition are based on 3 key values that guide its expansion: entrepreneurial spirit, mutual trust and a strong sense of ethics.
Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 index.