Galvins Wine & Spirits has purchased new premises in Mahon, Cork. The Irish drinks company said yesterday that it has acquired a 130,000 sq ft distribution centre from Ridge Tool for €10m.

The development will provide a centralised distribution facility for the company, which currently operates from a 21,000 sq ft site in Lehenaghmore, Cork.

Speaking to the Irish Independent, chief executive John Galvin said that the purchase was of strategic importance to the long-term national development of the family-owned wholesale business.

"This company has been growing significantly and, to keep pace with our development plans, we needed a centralised distribution centre," Galvin told the newspaper.