Thu, 31 Oct 2024 | BUSINESS SALE
Private equity group Cadman Capital is toasting its latest deal with the acquisition of craft brewer Anglesey Ales.
Anglesey Brewhouse was founded in July 2017 as a nano-brewery by husband-and-wife team Phil and Karen Chadwick. According to beer consumer organisation CAMRA, the brewery relocated to larger premises in 2019 with a 10-barrel plant. It currently produces five canned beers sold direct from the brewery or in shops around North Wales.
It is best known for its signature Anglesey Brewhouse brand, which Cadman said has become a favourite among craft beer enthusiasts.
Cadman said following the retirement of the Chadwicks it would ‘uphold the premium credential of the brand while expanding the reach’.
It also plans to leverage partner company Conwy Brewery’s resources and expertise as it looks to expand its market share in the drinks industry.
Cadman bought Conwy, a Welsh brewer specialising in cask and bottle conditioned ales, in 2021.
“We’re excited to welcome Anglesey Ales to the group, as we believe they will bring fresh perspectives to our already diverse beverage portfolio. The combination of Anglesey’s distinctive craft style and Conwy’s traditional brewing heritage allows us to serve a wider range of customers across Wales,” said James Dinsdale, CEO of Cadman Capital Group.
Kane Upton, General Manager at Conwy Brewery, said it would support Anglesey Ales’ ongoing operations including maintaining its taproom and signature brews.
“Anglesey Ales will remain true to its roots as a vibrant, local brewery, with the added support of Cadman Capital’s resources to help it grow,” Upton said.
Despite pressure on the industry following the pandemic and changing drinking habits in society the popularity of craft beer remains strong.
According to a report this year from SIBA – the Society of Independent Brewers & Associates - average beer production volumes amongst independent breweries rose 14 per cent compared to 2023, returning to pre-pandemic levels for the first time in 4 years. Cask beer also saw a big increase, with volumes up 10 per cent year-on-year.
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