Artisanal Spirits Company completes purchase of Single Cask Nation

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The Artisanal Spirits Company PLC, owner of The Scotch Malt Whisky Society, Single Cask Nation (SCN) and J.G. Thomson, has provided an update on trading and its acquisition of Single Cask Nation ahead of its full year results, due on 27 March 2024.

Following last month’s announcement of the acquisition of SCN in the US, which won Bottler of the Year Award at the ‘Icons of Whisky Awards’ in Louisville in Kentucky in the US earlier this month, the company have announced that the transaction has successfully completed. The company said, “With sales commencing in Q1, the Group remains confident that SCN will make a positive contribution to EBITDA delivery in the current year, FY24.”

In terms of trading, the update revealed that membership of the Scotch Malt Whisky Society exceeded 41,000, an increase of over 10% year ended 31 December 2023. Revenue and adjusted EBITDA for FY23 remain in line with guidance, with revenue expected to be at the top end of £23m.

The statement said that, “January trading remains in line with expectations, led by growth in China and contribution from Taiwan.

“This, combined with continued good momentum in the US, means that the Group remains confident that it can continue to grow profitably with FY24 anticipated to deliver further revenue and EBITDA growth.”

 

Category: News, Whisky
Tags: Artisanal Spirits Company, J.G. Thomson, Single Cask Nation, The Scotch Malt Whisky Society