New ownership means new directions for the Glenglassaugh Distillery Company Ltd.
The distillery, located in Aberdeenshire, Scotland, was recently acquired by The Scaent Group, a Dutch investment house that is targeting a resumption of spirits production by the end of the year.
The company also has purchased stocks of existing rare Glenglassaugh malts, to be released as limited editions to the luxury market. No timeline has been announced for that program.
The distillery was established in 1875 by The Glenglassaugh Distillery Co. Ltd., then in the 1890s was sold to Highland Distillers, a subsidiary of The Edrington Group, which owned it until 2008. However, the facility has been closed since 1986. During its years of production, Glenglassaugh provided whisky for use in blends such as The Famous Grouse, Cutty Sark and Laing’s.
Under the new ownership, former Glenmorangie manager Graham Eunson has been hired as distillery manager and whisky expert Ian Buxton hired as marketing consultant. And, the company has joined the Scotch Whisky Association (SWA), the leading industry trade organization.
The Scaent Group is a conglomerate doing business in a dozen countries. Its core business is conducted within the energy industry and includes electricity trading, generation and distribution, in combination with coal prospecting and trading. It also in recent times has become involved in real estate, information technology, utilities, public services and now distilling.
Managing Director Stuart Nickerson said, “At Glenglassaugh we believe that we have a unique opportunity to breathe life back into a hidden gem. The SWA is of vital importance to the whisky industry and we recognise the part they play in ensuring that brands like ours become part of Scotland’s future whisky heritage.”
SWA spokesman David Williamson said, “That Scotch Whisky is to be distilled again at Glenglassaugh is good news for the industry. We are delighted Stuart and his team are going to play their part at industry level and welcome them as the SWA’s 54th member company.”
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