UK alcoholic beverage distributor Halewood Wine and Spirits has announced it is exploring the possibility of selling its business.

Chairperson Judy Halewood is seeking a buyer for the company she inherited from her husband, founder John Halewood, after his death in 2011. The company has hired independent financial advisory group HM Rothschild to carry out a ‘strategic review’ and explore options for the company.

Halewood Wine and Spirits CEO Stewart Hainsworth said: “I can confirm that Rothschild has been appointed to explore strategic options for the shareholders of Halewood Wines & Spirits.

“This is an exciting time for the business, which our management team have been working towards for three years. We have refocused the business on artisanal spirits and craft beers, which has driven a significant upturn in profit.

“Our success has been driven by investment in equipment, acquisitions and marketing support and further fuelled by a high growth brand portfolio, which includes Whitley Neill, currently the number one premium gin brand by volume in UK Supermarkets.”

Halewood Wine and Spirits was created by John Halewood in 1978. Its portfolio has grown rapidly over the past 40 years and now includes Crabbie’s Alcoholic Ginger Beer, The Glasgow Distillery ’s vodkas and gins, Gelston’s Old Irish Whiskey, City of London Distillery gin and Aber Falls Welsh dry gin.

The company reported a 100% increase net profits in 2017 financial year. Its profits increased from £1.7m in 2016 to £3.9m in 2017.