award-winning young Buchan entrepreneur Gregor Mackintosh is celebrating a deal to supply rapeseed oil to every Asda supermarket in Scotland.
Gregor (23), who set up Mackintosh of Glendaveny in 2009, saw his Extra Virgin ‘cold pressed’ rapeseed oil hit the shelves of all 50 stores last week.
The Scotland-wide listing for the oil, which has been used by the Queen’s Chef at Buckingham Palace and in The Dorchester Hotel, London, comes a year after the supermarket giant listed the product in 15 of its North and North East of Scotland stores.
“The five figure deal is a fantastic achievement and one I’m very proud off, particularly because it’s helped the company meet its five year growth targets in just 24 months,” admitted managing director Gregor.
“Asda has been fantastic to work with and is very enthusiastic, saying the ‘sky is the limit’ for the product which is very encouraging.”
The Extra Virgin rapeseed oil, which is pressed and bottled on Gregor’s family farm at Glendaveny, contains half the saturated fat content and ten times more Omega 3 levels than olive oil and only six per cent saturated fat – the lowest level of any other oil on the market.
The deal for the ‘healthy’ oil comes on the back of a £50,000 investment to upgrade production facilities, which includes installing a 24 hour extraction system, upgraded bottling line that has the capacity to fill up to 2500 bottles a day alongside new storage tanks, to meet rigorous multiple retailer audit standards.
In the last week 4,500 bottles of the pure Extra Virgin ‘cold pressed’ oil and a further 3600 bottles of oil infused with garlic, jalapeno chilli pepper and lemon have been shipped to Asda’s central distribution centre in Grangemouth.
Gregor said: “Every penny that the business has made over the past two years has been reinvested back into the company.
“Large retailers have very high standards that suppliers must meet and sustain. I believe the recent investment, which includes taking on a new member of staff, will help us meet demand from a wide variety of outlets – from hotels to independent stores and restaurants – as well as open doors to other well-known supermarkets.
“It will also free up my time so that I can focus on growing the business further.”
As one of only 10 Scottish companies on Asda’s Supplier Development Programme, the young entrepreneur, who came up with the idea for the business whilst studying for a degree at the Scottish Agricultural College in Aberdeen, has spent the past 12 months honing his business acumen.