Cornwall distillery gains £1m investment

UK-based Trevethan Distillery has received an initial investment of £1 million (US$1.2m) after selling a minority stake in the business to the owners of Cornwall’s Ince Castle Estate.

The deal will also include long-term funding for the next 10 to 15 years. Furthermore, two new board members have been appointed by the investors.

Trevethan Distillery is based in South East Cornwall and founded in 2015. It produces a Cornish Dry Gin and Cask Aged Golden Rum.

John Hall, co-founder and head distiller, said: “Since inception our focus has been to create world-class spirits using craftsmanship, innovation, and excellence.

“By sticking to those values, we’ve been able to set ourselves apart in a cluttered landscape and give our customers the greatest sensory experience that we can possibly offer them.

“We couldn’t be more delighted to be working with our new investors who share the same vision and belief in our values. Their investment will enable us to meet the growing demand for ultra-premium spirits and from humble Cornish roots, amplify Trevethan’s story globally while staying committed to our core values and never compromising on quality.”

The investment will be used to strengthen the brand through marketing, and in turn drive its growth in the UK as well as push exports.

The distillery will also aim to create jobs in Cornwall with the funding, and out of county by expanding its national sales teams.

Jack Daniel’s owner Brown-Forman recently revealed it will invest US$200m to expand its Herradura Tequila distillery in Jalisco, Mexico.

Plus, in April, Berry Bros & Rudd bought a minority stake in English spirits producer Cotswold Distillery.