EDEN Mill, the Scottish gin and whisky distiller, has sold a majority stake in its business to Edinburgh-based investment firm Inverleith for an undisclosed sum.
Inverleith, which also owns a majority stake in Artisanal Spirits Company, owner of the Scotch Malt Whisky Society, has said it will push ahead with the construction of a new distillery at the University of St Andrews Eden Campus.
Paul Miller, who co-founded Eden Mill in 2012, will remain with the company as managing director, heading a newly-formed board of directors.
“This is a really exciting moment for Eden Mill St Andrews,” said Miller.
“Having secured Inverleith as the majority investor into the business, we will be able to realise our distillery ambition and unlock the potential of Eden Mill St Andrews as a premium craft gin and premium single malt Scotch whisky here in the UK and overseas.
“We have been looking for an investor who shares our passion for the Eden Mill opportunity, who understands the uniqueness of the opportunity and is aligned to our vision. With their consumer strategic brand and commercial expertise, I am confident that we have found the right partner to take drive and support the next and most significant stage of the Eden Mill journey.
“I’m looking forward as managing director to working closely with the team at Inverleith.”
Inverleith managing director, Paul Skipworth, said Eden Mill was “a fantastic addition to Inverleith’s portfolio of consumer brands”.
“Having worked closely with the historic and acclaimed University of St Andrews to secure a site on its sustainability campus in St Andrews, the globally renowned ‘home of golf’, Eden Mill St Andrews has one of the most exciting futures within premium gin and whisky and we are delighted to be supporting the realisation of its vision,” said Skipworth.
“As a team, we have a long heritage in the development of premium spirits, both operationally and as investors, and we believe we will be a strong partner for Paul Miller and the wider Eden Mill team over the coming years.”
