Glenglassaugh in profit already!

Their innovative 'new make' selection

We love the news that recently reopened Glenglassaugh, near Portsoy in Aberdeenshire is ALREADY in profit.

After being mothballed by Edrington in 1986 it was then bought by Scaent, a Dutch consortium, for £5 million in 2008. So, it’s now a small and independent distillery. Which are the ones we usually like.

We also really like what MD Stuart Nickerson is doing up in Portsoy and most, if not all of it, is based around making really nice whisky. Stuart thought it would take as much as ten years for Glenglassaugh to turn a profit, based on similar distilleries that had starting distilling again, after a period of  ‘mothballing’. He’s been proved wrong, in a nice way.

The emerging markets in Asia and the resurgence of  USA  have helped Glenglassaugh to turn a profit of £100,000 on £1m in sales. Small, put perfectly formed.

There’s lots of innovation at Glenglassaugh and they are also experiencing strong demand for small “octave” casks of whisky, which are bought by companies, whisky clubs and even as wedding presents.

It’s not just about quirky ‘new makes’ which are introducing new drinkers to whisky and other ‘gimmicks’ though, The distillery has been refurbished to produce Revival, a single malt that remains true to the whiskies being distilled at Portsoy until the 1980s. It’s young but it’s now on sale and it’s a fine dram.

More great news for the smaller independent.