Blavod Extreme Spirits is set to handle the distribution of two Scottish spirits brands in the UK.

The company, which sold its US business to then-CEO Jeff Hopmayer last year, confirmed late last week that it has signed an "exclusive, short-term" agreement with Shetland Spirits Ltd., to handle the distribution of the firm's Blackwood's Gin and Jago's Vodka Cream Liqueur brands in the UK.

"It is intended that a licence agreement for both brands globally will be concluded in the near future, with an option to purchase these brands for a mixture of cash and an earn-out linked to profitability," Blavod said.

A further announcement will be made at that time, Blavod concluded.

In January, Blavod, which owns the namesake black vodka brand, posted an 18% lift in sales volumes for the three months to the end of December, compared to the corresponding period a year earlier. For the first nine months of its current financial year, Blavod's volumes were up by 27% year-on-year.