Achi news desk-
Ferovinum, which specializes in lending to wine and spirits businesses against inventory, will provide specialist operations and supply chain tools to The Borders Distillery Company to support trading in the UK, Europe and the US.
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Mr Fordyce, managing director of the distillery company, said: “We are delighted to have found a partner in Ferovinum and its excellent team. We share the same ambitions to grow, a passion for the Scotch whiskey industry and a commitment to using technology to facilitate growth in multiple markets.”
Ferovinum, which also works with Scotch Malt Whiskey Society owner Artisanal Spirits Company, said its platform provides an “agile and efficient” financing solution by holding assets in production, storage, distribution and fulfillment, providing “end-to- end to companies” terminal capabilities” to finance full production and distribution cycles. He added that clients also benefit from integration with freight, storage and fulfillment providers along with payments, licensing and commercial infrastructure to enable “optimal” trading and “simplified” access to key export markets.
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Gregor Mathieson, spirits director at Ferovinum, said: “We are delighted to be supporting The Borders Distillery in their next phase of growth. It’s been six years since the stills started running at their remarkable site in Hawick, and the dedication to making great whiskey as well as being a force for good in the Borders community is evident amongst the whole team.
“Ferovinum was created to provide the support and specialist support that ambitious drinks businesses like this need to achieve their goals, and we are very excited to partner with John and the team for the journey ahead of us. fronts.”
The Borders Distillery, which recently won the World Awards Best New Scotch Distillery, was advised on the deal by Noble & Co.
