US spirits firm seeks to build Derry distillery
A US spirits company in Missouri has acquired a stake in a Londonderry liqueur firm as they look to build a distillery in the city.
Luxco in St Louis and Niche Drinks already produce Saint Brendan's Irish Cream and global brand, The Quiet Man Irish whiskey.
In a statement, the company said it had spoken to the Strategic Investment Board to discuss building an Irish whiskey distillery in Ebrington Square in Derry.
Ciaran Mulgrew, managing director of Niche Drinks, said: "Luxco has impressive distillery experience, having built Lux Row Distillers and partnered with Limestone Branch Distillery, both in Kentucky, and is nearing completion of a Tequila distillery in Arandas, Mexico.
"This experience will be a tremendous asset as we proceed with The Quiet Man Craft Distillery at Ebrington Square."
Donn Lux, chairman and chief executive of family-owned Luxco, said: "This is a very exciting time for Luxco and Niche. We have worked closely with Ciaran and his team for more than 30 years, spending a lot of time in Derry over that time, so it is great to welcome everyone at Niche Drinks into the Luxco family."
Mr Mulgrew is to remain with the business following the transaction.
Niche Drinks was set up in 1983. It makes cream liqueurs, Irish coffees and ready-to-drink cocktails for retailers.
Meanwhile, UK wine merchant Majestic Wine has warned that fresh investment plans meant to attract new customers will knock next year's profits by up to £3m.
Chief executive Rowan Gormley said: "We are in the fortunate position of having the option to accelerate growth by investing in new customer acquisition."