Bacardi Ltd: $250 Million Investment in Dewars
Bermuda-headquarted Bacardi Limited, the largest privately held spirits company in the world, today [Oct 5] announced the initial phase of its $250 million dollar investment in Scotch whisky production has been completed.
“Demand for Dewar’s Scotch whiskies has grown significantly in the United States, Asia and other emerging markets and we are excited to have completed the first phase of a new infrastructure project to support higher inventories of maturing whisky and increase our blending, bottling and packing capabilities,” said Séamus McBride, President and Chief Executive Officer of Bacardi Limited.
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At the Aberfeldy distillery, which produces the single malt at the heart of the Dewar’s blends, treated water is cleaned by going through a reed bed, a natural filtration process
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Dewar’s has undertaken a comprehensive redevelopment of an existing site in Parkhead, Glasgow, and has built five new maturation warehouses and a new blend center, as well as installed new bottling lines and packing equipment. The Dewar’s expansion project, which started in July 2007 and was one of the most significant investments ever in the Scotch industry at the time, will be completed in phases over ten years.
The Company also purchased more than 100 acres in central Scotland and developed a second maturation facility including six warehouses where Dewar’s ages whisky for flavor and smoothness. Three more aging warehouses are currently under construction and a blending facility will be built next year.
