Eden Mill sells majority shareBy Melita Kiely
Gin and Scotch whisky brand Eden Mill has sold a majority stake in the company to investor Inverleith.
Tony Kelly and Paul Miller founded Eden Mill in 2012, beginning with a range of gins that were inspired by the local area of St Andrews in Scotland.
In 2018, the company released its first limited edition single malt whisky, which blended spirit aged in American and French virgin oak casks and ex-PX Sherry casks.
The investment from Inverleith, details of which have not been announced, will help Eden Mill complete its carbon-neutral distillery in St Andrews, Scotland, which is expected to open towards the end of 2022.
The funding will also allow the company to expand its distribution in the UK and internationally.
Miller, Eden Mill’s managing director, said: “Having secured Inverleith LLP 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.”
Following the investment, Miller will lead the business as managing director, supported by a new senior executive leadership team and a newly established board of directors, which are to be finalised in due course.
Paul Skipworth, Inverleith managing partner, added: “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 gold’, 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.
“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.
“We admire the work that Eden Mill has done to date in developing high-quality, great-tasting gins and Scotch whiskies and we look forward to helping the brand and its products achieve international success.”
The Scottish brand upped its sustainability and expansion efforts with an updated bottle design and nine new gins last July.