Eugene F. Collins advises Irish Stock Exchange (ISE) on its new corporate structure to a plc
14 April 2014
Independent, family-owned Walsh Whiskey Distillery will make a significant €25million expansion programme for its critically acclaimed, award winning, super-premium and ultra-premium Irish whiskey brands – The Irishman and Writerṣ Tears. Walsh Whiskey Distillery’s expansion plans have attracted significant development funding from the Italian drinks giant, Illva Saronno Holding S.p.A., which is owned and run by the Reina family in Saronno near Milan.
The investment will facilitate the development of a world-class, independent, craft Irish whiskey distillery; maturation warehouses and a unique visitor experience by the banks of the River Barrow in Royal Oak, County Carlow by 2016. The expansion will create a total of 55 jobs in the Carlow area, over 5 years, where the whiskies will be distilled, crafted and aged. The Department of Jobs, Enterprise and Innovation, through Enterprise Ireland, is supporting this project.
In addition, the construction process will provide up to 40 jobs during the 18 month development phase which is scheduled to commence in spring 2014 (subject to planning permission).