WATERFORD City & County Council has granted planning permission to Stafford Bonded to construct a whiskey maturation facility at the Waterford Airport Business Park at Ballygarran.
The news, carried in this morning’s Sunday Independent, has been welcomed by Stafford Bonded, which features Waterford Distillery among its clients.
“We at Stafford Bonded are delighted with Waterford City and County Council’s decision to grant planning permission,” said company Managing Director Michael Stafford Jnr. “The team – which has grown significantly over the years – are very proud of this milestone and very much look forward to seeing out the build project.”
He added: “As a family business, we take pride in building long-term sustainable relationships with our valued clients, and there’s no better sector to work in when it comes to enjoying the day to day. Our aim is to add value to the clients we service by providing cost-effective, quality solutions.”
The development’s initial phase is to feature the building of eight maturation warehouses and is expected to commence immediately. Ultimately, the site will feature 38 warehouses, a new office in addition to conference rooms and upon completion is expected to be valued at €57 million.
Stafford has received a 10-year planning permission from the local authority for the project and it’s estimated that the existing workforce of 15 will expand to 40 by 2024.
Michael Stafford Jnr told the Sunday Independent that an additional 30 staff are expected to be on the books within five years, which will bring its Ballygarran complement to 70
“Stafford Bonded’s post-distillery solution allows distilleries to focus on their core business, distilling,” he stated.
“By outsourcing the maturation, bottling and cased goods storage to industry specialists, distilleries need less capital for building warehousing and investing in IT, staff and customs and excise administration.
“By outsourcing, they receive added value through economies of scale and expertise in a specialist area the value of which is often underestimated by new market entrants as well as avoiding the significant cap-ex.”