Yahoo Finance Drinks firm plans carbon-neutral distillery after gaining new investor
A drinks firm is planning to build a new carbon-neutral, whisky distillery after winning a major new investment.
Edinburgh-based, specialist, consumer-brand investor Inverleith LLP has just secured a majority stake in the Eden Mill St Andrews craft gin and Scotch whisky company.
The drinks firm plans to build a new whisky distillery in St Andrews, with founder and managing director, Paul Miller, describing it as a “really exciting moment” for the business.
He stated: “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.
“With their consumer-strategic-brand and commercial expertise, I am confident that we have found the right partner to drive and support the next and most significant stage of the Eden Mill journey.”
Eden Mill, which was founded by Mr Miller and Tony Kelly in 2012, hopes to open the new distillery in late 2022.
Meanwhile, the investment will also enable the company to expand its distribution in the UK and internationally.
Paul Skipworth, managing partner at Inverleith LLP, hailed the deal as a “fantastic addition to Inverleith’s portfolio of premium, consumer brands.
He said: “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.”
