Ireland to get new €2.9m whiskey distillery
The owners of Irish brewer and pub chain Porterhouse Group are in negotiations to create a new distillery in Ireland.
Oliver Hughes, Liam LaHart and Kerry businessman Jerry O'Sullivan are in the process of raising €800,000 for the Dingle Distillery through a Business Expansion Scheme to help fund the €2.9 million development.
The three directors will put €900,000 of their own funds into the project, which will also receive grant aid of €400,000. The balance of €800,000 will be raised from private investors.
The company expects to be profitable from 2012, with a portion of the profits made from a visitor centre.
There are currently three distilleries operating in Ireland, the Diageo and Irish Distillers owned Bushmills and Midleton and the independently owned Cooley.
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