Killarney Brewing and Distilling Company is set to cease operations at its two Co Kerry plants, impacting the Irish drinks industry. The company, which entered interim examinership in April, has appointed an examiner who will file a court application regarding its future and potential receivership.
Increased running costs, global trading uncertainty, and the pandemic’s aftermath have raised doubts about the company’s viability in recent months.
Despite sales doubling to €2m in 2022, losses of €1.6m were reported. The imposition of US tariffs on EU imported goods has affected the competitive stance of Irish whiskey makers, influencing operations across the industry.
James Anderson shared, “Entering examinership was seen as the most viable path to secure its future.”
Killarney Brewing and Distilling Company shared, “We started trading in 2015 and expanded in 2022 with a new brewery and visitors’ centre. Despite raising about €3.5m, we fell short of our €7m target during our funding efforts. We recorded losses of €1.6m in 2022, despite sales doubling.”
