EDEN MILL SOLD TO PRIVATE EQUITY FIRM INVERLEITH
Fife-based gin and whisky distiller Eden Mill has been
bought by the private equity firm Inverleith LLP. The deal for a majority stake
in the company will see a new distillery built on the Eden Campus at St Andrews
University. It will include a visitor centre, shop and restaurant when it opens
by 2023. The new owners, who have not disclosed the purchase price, said the
investment would allow Eden Mill to expand distribution in the UK and abroad.
Eden Mill's current distillery in St Andrews is working
to full capacity.
Established in 2012 by Tony Kelly and Paul Miller, Eden
Mill produces award-winning gins including Forager, Golden Lore and Rosa Rosa
as well as its Original and Heritage brands. It switched over to distilling
single malt whisky in 2015. In 2018 Eden Mill released the first Single Malt
whisky to be distilled in St Andrews in over 150 years. The First Bottling was
sold at auction and broke the world record for a first release, at £7,100. The launch
is the first of five limited edition single malt whiskies and the company is
looking to expand in markets such as China and India.
Paul Miller will continue to lead the business as its
managing director, heading a new senior executive team. A newly-formed board of
directors will also be put in place.
Inverleith LLP invests in consumer brand companies in
the premium food and drink, health and wellness, and lifestyle sectors. It is a
former majority stakeholder The Scotch Malt Whisky Society.
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