Stock Spirits Group has decided to shut its production facility in the German city of Hamburg, citing increasing costs.
The closure of the plant is lined up for early 2027.
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In a brief statement, a spokesperson for the pan-European distiller described the decision as “difficult”.
The spokesperson said the move comes “against a backdrop of pressures within the spirits industry, including shifting consumer behaviour and rising operational costs”.
The closure is deemed “necessary to ensure the long-term competitiveness and sustainability” of the group, the spokesperson added.
The Hamburg plant employs 36 people. Just Drinks asked what products are made at the site.
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By GlobalDataGermany remains a “key strategic market” for Stock Spirits, the spokesperson said.
In September last year, the company decided to shut its Baltic Distillery in Dettmannsdorf in north-eastern Germany. The site employed 35 staff.
The distillery primarily produced pure alcohol principally for use in Stock Spirits’ products.
In April, Stock Spirits strengthened its presence in the UK with the acquisition of importer and distributor The Drinks Company.
Stock Spirits, owned by private-equity firm CVC Capital Partners, has a portfolio of European spirits brands that includes Keglevich vodka, Fernet herbal bitters and Clan Campbell whisky.
