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RSM UK has advised Kingsland Drinks Group on a £65m funding package from Barclays to facilitate the company’s future growth.
Head of debt advisory in the Northwest and Wales at RSM UK Ashley Suter led the advisory team, supported by Jack Williams and Sebastian Knight.
Kingsland Drinks Group was advised by law firm Hill Dickinson, while Barclays was advised by Addleshaw Goddard.
Based in Irlam, Greater Manchester, Kingsland Drinks Group is an employee-owned specialist providing contract bottling, canning and product development for major UK retailers and brands.
The company employs approximately 400 staff and operates across wine and spirit production. It has recently expanded its spirits portfolio and increased focus on the low and no-alcohol category.
The new funding follows the group’s transition to employee ownership in 2021, and is intended to unlock investment opportunities for the business, which dates back to 1955.
Suter said: “Kingsland Drinks Group has built a solid national reputation as an industry leading drinks specialist. We are thrilled to have supported the team with securing a funding package that will facilitate the businesses future growth and innovation.”
Sarah Baldwin, managing director of Kingsland Drinks, added: “The past few years have seen some challenging times for Kingsland – we are now moving into a phase of evolving the core business and securing long-term development opportunities. This funding will help to secure an exciting future for the business as a pioneering force in the drinks industry.”
