LONDON (Alliance News) - Distil PLC shares rose early Wednesday after the company said its Blackwoods Small Batch Gin has received full approval from the US Alcohol and Tobacco Tax and Trade Bureau for sale in the US, and it has signed a new distribution deal with The Winebow Group.
Distil said production and shipping of the first cases of Blackwoods in the US is expected to start in the next couple of weeks. It added it will make a separate announcement about Blavod black vodka distribution in the US in due course.
The group also said it has signed a long-term import and distribution deal with The Winebow Group for the Blackwoods and RedLeg brands, which will cover the US, Virgin Islands and Puerto Rico.
"This is a great opportunity for us to launch our new Blackwoods Small Batch gin in the worlds biggest premium spirits market," said Distil Executive Chairman Don Goulding.
Shares in Distil were up 29% to 1.1 pence in early trade, the best performer in the AIM All-Share index.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Distil (DIS)