Sea Arch sells minority stake 21st January, 2021 by Owen Bellwood
Alcohol-free ‘spirit’ producer Sea Arch Drinks has sold a minority stake to businessman Patrick Doyle to fund its global expansion.
Sea Arch Drinks is targeting national and international expansion with the investment
Patrick Doyle, chief executive of International Diplomatic Supplies, has acquired a minority share of the business for an undisclosed sum.
Doyle said: “It is no secret that the no- and low-alcohol sector is growing worldwide. As a non-drinker, I have enjoyed some great alcohol-free beers but I’d tried several non-alcoholic ‘spirits’ and was generally disappointed. However, when I tasted my first glass of Sea Arch and tonic I was really impressed; in my opinion it is the best non-alcoholic botanical ‘spirit’ available.
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A dental practice manager swindled her company out of more than £60,000 to makes ends meet after her husband was made redundant.