Tue, 22 Dec 2015 | BUSINESS SALE
Craft beer maker Camden Town Brewery has been brought by corporate drinks business AB InBev.
The local brewery announced on Monday (21 December) that the acquisition was in process, confirming that it will be a 100 per cent sale, designed to work as a “strategic partnership” that provides Camden Town Brewery with “the security we need to continue”.
In a statement the brewery's founder, Jasper Cuppaidge, said: “Opportunities like this come rarely. We believe we must have the ambition to grab this opportunity and turn Camden Town Brewery, and the quality it stands for, from being an outstanding London brewer to being a world famous one.”
For AB InBev, the deal will see the company add a creative and niche craft beer to its brand portfolio, which currently includes world famous names such as Stella Artois and Budweiser.
The firm's European director of specialities and craft, Iain Newell, added: “Opportunities like this come rarely. We believe we must have the ambition to grab this opportunity and turn Camden Town Brewery, and the quality it stands for, from being an outstanding London brewer to being a world famous one.”
The North London brewery started full production in 2010 with an original staff of just three people. The company now boasts a team of 95 and sells its beers in over 1,000 pubs, with overseas establishments already showing interest.
At the moment there are no confirmed details regarding price on the acquisition and the companies have stated that the terms of the agreement are not being disclosed. The deal is expected to complete on 7 January 2016.
View more businesses for sale.
Established in 1994, these three handsomely presented and fully-equipped unisex hair salons are located in a prominent trading location.
Established vehicle display is located in a Berkshire prominent main toad. The business boats an excellent reputation and customer base.
LEASEHOLD
Established 2019, this logistics company can be managed from anywhere. The business comes with reliable executives already in place.
19
|
Apr
|
Building services consultancy moves to employee ownership | MBO/MBI
A building services consultancy in the North East has moved ...
19
|
Apr
|
US firm acquires Somerset employee management provider | BUSINESS SALE
An employee management services firm based in Somerset has b...
18
|
Apr
|
Education specialist makes second LDC-backed acquisition | BUSINESS SALE
Hybrid, an education media and marketing services firm, has ...
04
|
Oct
|
Third largest merger expected as AB InBev takes over rival SABMiller | MERGER
The third largest merger is set to go ahead with Anheuser-Bu...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.