Glenglassaugh Distillery Company Ltd Joins Scotch Whisky Association

UK, Glasgow, Portsoy, Scotland (SANEPR.com) July 8, 2008 -- The Glenglassaugh Distillery Company Ltd is pleased to announce their membership of the Scotch Whisky Association (SWA).

The Glenglassaugh Distillery near Portsoy, Aberdeenshire was recently acquired by European investment house the Scaent Group and work is currently underway to re open for production later this year. In addition, the Company has purchased stocks of existing rare Glenglassaugh malts which will be released as exclusive limited editions to the luxury marketplace. Glenglassaugh, led by Managing Director Stuart Nickerson, has so far recruited a talented team including former manager of prestigious Glenmorangie Distillery, Graham Eunson, as distillery manager and leading whisky expert, Ian Buxton, as marketing consultant.

Becoming members of the SWA demonstrates Glenglassaugh’s commitment to furthering their ambitious plans. 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 fifty-fourth member company.”


Editor’s notes

About the Glenglassaugh Whisky Distillery
The Glenglassaugh Distillery is situated on the Banffshire coast in the North-East of Scotland, close to the small village of Portsoy. The distillery was built in 1875 by local businessmen to satisfy the growing global demand for Scotch Malt Whisky. The site was chosen due to its close proximity to a water supply of high quality and easy access to the nearby barley fields. The whisky from this distillery has traditionally been used in the production of blended whiskies such as Cutty Sark and The Famous Grouse. During the 1980’s when all companies were reviewing their operations the economics of running this relatively small and isolated distillery persuaded the owners that they should stop operations and the distillery has remained silent to this day. In 2008 Scaent purchased the distillery from the existing owners and have plans to invest significantly in the distillery and so once again recommence operations and to reintroduce to discerning customers the distinctive and high quality attributes of The Glenglassaugh Single Malt Scotch Whisky.

About the Scaent Group
Since 2003 the Scaent Group has been expanding globally, initially founded in Sweden to trade electricity on the Scandinavian energy market, the Group has migrated to Norway, Finland, Ireland, the Baltic States and even further to Eastern Europe and China. Today, after five years of fast paced and successful development that has resulted in it becoming one of Europe’s leading energy market experts the Scaent Group is diversifying its interests into various spheres including Real Estate, Software, Public Services, Utilities, Construction, Prospecting, Consumer Goods Manufacturing, Retail, Publishing and Telecommunications. At present the Scaent Group has more than 10 companies and sub-groups conducting business in over 12 countries and across two continents. The Head Office is in Amsterdam and the Group is currently planning further expansion into Georgia, Moldova, Ukraine, and Russia.

About the Scotch Whisky Association
The Scotch Whisky Association (SWA) is the trade Association for the Scotch Whisky industry. Its members account for more than 90% of production and sales of Scotch Whisky. The principal functions of the SWA are:
To protect the integrity of Scotch Whisky worldwide
To promote responsible attitudes to alcohol consumption
To secure fair and equal access to international markets
To tackle tax discrimination and secure appropriate regulation of the industry
To promote Scotch Whisky as a quality product made from natural raw materials
To represent the industry's interests at governmental level both at home and abroad
For further information please contact David Williamson 0131 222 9230 or 07730 496151