Pioneering London distillery Sipsmith has been bought by Beam Suntory, with founders Sam Galsworthy and Fairfax Hall remaining in control of operations.
The deal, according to Beam Suntory, will allow the company to pursue 'ambitious export plans', with the way Sipsmith's products are made, and where, remaining unchanged.
When the company started out in west London in 2009, it was the first gin distillery to be set up in the city in nearly 200 years. It has gone from strength to strength since then, expanding to a larger distillery in Chiswick in 2014. The range has expanded since the initial vodka and gin releases, with products like VJOP (Very Juniper Over Proof), and most recently, Lemon Drizzle Gin.
'In this new chapter, we have found the perfect partners to take Sipsmith to all four corners of the globe, and do so whilst retaining our quality gin, astonishing team and Chiswick distillery in London,' said co-founder Sam Galsworthy. 'The team at Beam Suntory shares our values and pursuit of excellence. Fairfax and I will remain fully involved in the business, working harder than ever to achieve our vision of a gin that will stand the test of time and be sipped around the world.'
Beam Suntory CEO and chairman Matt Shattock added: 'We're thrilled that Sam and Fairfax will continue to lead the business and make their gin true to their brand vision. We really admire what they've accomplished, and we're very excited to team up with them to maximise the global potential of Sipsmith. Sipsmith's pioneering spirit and Beam Suntory’s strong routes to market around the world are a winning combination.'