Forth Wines bought by investors

Published: 04 August, 2010

Forth Wines is back in independent - and Scottish - ownership after being bought from Matthew Clark by a group of investors.

George Thomson, Ewen Cameron and Ian Cumming, together with finance expert Alan Cramond, have bought the business for undisclosed sum. The deal has been backed by the Royal Bank of Scotland and a small syndicate of private investors.

Thomson, who takes up the position of managing director, said: "We have a great passion for the drinks industry. This acquisition gives us the platform to build on the already successful foundations at Forth Wines, while each taking a financial stake in the business.

"Putting our money where our mouth is greatly appeals to us all and we have found an established business that allows us to do that. Forth Wines, which will have served the trade for 50 years in 2011, was one of those rare opportunities just too good to pass up. Seeing the business return to Scottish ownership is an added bonus."

Forth Wines mainly supplies wines and spirits to Scottish restaurants, pubs and clubs but has UK agency and distribution rights over some wines. The company's 51 staff will automatically transfer to the new owners and the business will continue to operate out of its offices in Milnathort, near Kinross in Scotland.

Printer friendly version