Powerscourt Distillery, the producer behind Fercullen Irish Whiskey, has announced an agreement with Altiva Management Inc. The deal sees the sale of part of Powerscourt's assets to the company, resulting in a "significant injection of fresh capital" that it says will secure the distillery's future.
Powerscourt went into receivership in June 2025. Mark Degnan, managing director of Interpath, an international advisory firm, was appointed as receiver to the distillery on 26 June 2025. Interpath indicated that "cashflow difficulties" and the "volatility" of global tariffs were the reasons behind the receivership.
Expected to be completed "in the coming weeks", the sale to Altiva Management Inc includes bulk whiskey, "along with all brands, intellectual property and a transfer of the leasehold interest in the operating distillery and visitor centre". Degnan described the sale as "a great vote of confidence from an international investor in this indigenous industry and a fantastic Irish brand".
He continued: "The sector has been facing some challenging trading periods in recent times but there are opportunities that exist when strong brands and talented teams are matched with the right funding partner and structure."
Roger Duggan, CEO of Powerscourt Distillery, said: "This is a great day for Powerscourt Distillery having secured a strong and supportive new ownership structure. It marks the beginning of an exciting new chapter for our business. With the backing of Altiva, we are well-positioned to build on our exceptional brand reputation with our premium product, Fercullen Irish Whiskey, that is loved by our customers across the world."
Duggan added that the investment from Altiva would allow Powerscourt to back its Fercullen brand and the visitor experience at its Wicklow-based facility.
Adam Morgan, director of Altiva Management Inc, said: "We see tremendous potential in Powerscourt Distillery and are committed to supporting its talented team as they look to grow and thrive over the coming years. Our focus will be on strengthening the market position of the business, growing its brand and investing in innovation to ensure sustainable success."
Located in County Wicklow, Powerscourt Distillery began producing spirits in June 2018. The distillery’s Fercullen range includes blended, single malt, and single grain whiskeys.
