Killarney Brewing and Distilling Company Closing Down Operations

Killarney Brewing and Distilling Company (KBD) is set to cease operations at its two plants in Co Kerry soon, impacting the Irish drinks industry. An examiner appointed to the company will be seeking court intervention regarding the future of the business. The production of beer and whiskey at the company is expected to halt shortly due to financial challenges.

The company's viability has been questioned due to rising costs, global trade uncertainties, and pandemic-related issues. With over 50 employees across its two sites in Killarney and Fossa, KBD supplies beverages to local pubs and hotels.

Deloitte Ireland's partner, James Anderson, was appointed as interim examiner to KBD in April after a failed merger attempt. Despite efforts to secure a rescue package during the examinership period, the company's future remains uncertain.

KBD, known for its US connections, began operations in 2015 and expanded in 2022 with a new brewery and visitors' center in Fossa. However, challenges such as supply chain disruptions, increased costs, and economic uncertainties have hindered its growth.

Recent financial reports show losses for KBD, despite a rise in sales. The Irish drinks sector faces uncertainty, with US tariffs impacting the competitiveness of Irish whiskey in the American market. Several distillers, including Diageo and Irish Distillers, have adjusted production due to these challenges.

According to the source: The Irish Independent.