First Minister re-opens Glenglassaugh Distillery

Press release issued 24th November 2008

Today Scotland's First Minister Alex Salmond re-opened the 133yr old Glenglassaugh Distillery, near Portsoy, Aberdeenshire. The distillery was purchased by the European investment house Scaent, in a deal worth £5M, at the beginning of 2008. Since then Scaent has invested considerably in re-developing and preparing the distillery to begin production by the end of the year.

Derek McLennan, Executive Vice President of the Scaent Group commented, "This is a very exciting time for the whisky industry. With unprecedented demand in markets such as China, India, Russia, South East Asia and South America; we look forward to introducing the world to one of the very best single malt whiskies available today - Glenglassaugh"

Eagerly anticipated by the local community, Glenglassaugh Distillery has already created a number of new employment opportunities, with more new jobs to follow and Scaent's investment will assist in regenerating the local economy.

First Minister Alex Salmond comments "The re-opening of Glenglassaugh Distillery is a historic event and brings much needed investment to the local community. At times such as these it is very uplifting to see such an iconic distillery brought back to life"

 The First Minister pressed the button to re-start production at the distillery which will supply whisky to the luxury end of the market. As part of the deal Scaent bought all of the available, existing maturing stock of rare malt scotch whisky, which will be carefully released in limited editions to the marketplace.

 Managing Director Stuart Nickerson comments "We will initially be releasing a limited amount of 22yr, 30yr and 40yr old single malts. These whiskies are truly unique and have been very well received by those who have tasted them, including key whisky writers and knowledgeable whisky experts.