Investment Boosts Aging Capacity by Nearly 20% to Meet Growing Consumer Demand for Scotch
Glasgow, Scotland – October 3, 2013 – Beam Inc. (NYSE: BEAM), a leading global premium spirits company, today announced the opening of three new Scotch whisky maturation warehouses at Westthorn, Glasgow. The announcement coincided with the site’s 60th anniversary.
The expanded warehouse site increases holding capacity for Beam’s aging Scotch Whisky by nearly 20 percent. Beam’s £3 million investment in the expansion project will help the company meet growing worldwide consumer demand and support future growth for its premium Scotch Whisky portfolio, which includes Teacher’s, Laphroaig and Ardmore.
“This increase in warehouse capacity will help us meet future demand for our premium Scotch Whisky brands in both developing and emerging markets,” said Albert Baladi, president EMEA, at the dedication ceremony. “We see a very bright future for Teacher’s, Laphroaig and Ardmore, and we’re making appropriate investments to support their growth.” Teacher’s is one of the world’s leading blended Scotch whiskies with particularly strong market positions in India and Brazil, and Laphroaig is the world’s #1 Islay malt whisky.
“As a highly efficient site, located within a meander of the River Clyde, Westthorn is ideally suited for the gentle maturation of the malt and grain whiskies that give Teacher’s its unique flavour,” said Douglas Reid, director Scotch & Irish Whisky Operations for Beam. “These three new warehouses will allow us to age 75,000 more casks of Scotch at once.”
The original site opened in 1953 after being converted from the original Westthorn dairy farm. Since that time, millions of cases of Scotch Whisky have been aged to perfection at the site and shipped around the world.
Beam’s investment in the three new Scotch aging warehouses at Westthorn coincides with its investment to increase capacity of its Bourbon portfolio, produced at the Jim Beam and Maker’s Mark distilleries in Kentucky.
About Beam Inc.
As one of the world’s leading premium spirits companies, Beam is Crafting the Spirits that Stir the World. Consumers from all corners of the globe call for the company’s brands, including Jim Beam Bourbon, Maker's Mark Bourbon, Sauza Tequila, Pinnacle Vodka, Canadian Club Whisky, Courvoisier Cognac, Teacher's Scotch Whisky, Skinnygirl Cocktails, Cruzan Rum, Hornitos Tequila, Knob Creek Bourbon, Laphroaig Scotch Whisky, Kilbeggan Irish Whiskey, Larios Gin, Whisky DYC and DeKuyper Cordials. Beam is focused on delivering superior performance with its unique combination of scale with agility and a strategy of Creating Famous Brands, Building Winning Markets and Fueling Our Growth. Beam and its 3,400 passionate associates worldwide generated 2012 sales of $2.5 billion (excluding excise taxes), volume of 38 million 9-liter equivalent cases and some of the industry’s fastest growing innovations.
Headquartered in Deerfield, Illinois, Beam is traded on the New York Stock Exchange under the ticker symbol BEAM and is included in the S&P 500 Index and the MSCI World Index. For more information on Beam, its brands, and its commitment to social responsibility, please visit www.beamglobal.com and www.drinksmart.com.