Tobermory was originally founded in 1798 by John Sinclair, under the name Ledaig (pronounced "led-chigg"), hence the recently renamed "Ledaig" range. Tobermory is the only distillery on the Isle of Mull, and has a capacity of one million liters annually. Ledaig, unlike Tobermory, is distilled from heavily mulched malted barley; during the malting process, burning peat is used to dry the barley. The odor of the burnt peat is absorbed by the barley through the grain shell, and the odor remains through the milling, fermentation, and distillation processes, ultimately resulting in a single malt with a very distinctive peaty and smoky flavor . Tobermory is currently owned by a South African group, Distell, which owns Black Bottle, Three Ships, and Scottish Leader blends, among others.