AB InBev to Acquire British Craft Brewer
Global brewer AB InBev is acquiring London-based craft brewer Camden Town Brewery for an undisclosed amount. Founded by Jasper Cuppaidge, the owner of The Horseshoe pub in Hampstead, Camden Town Brewery started full production in 2010. From an original staff of three people, it now employs a team of 95 and has sold 12 million pints in 2015. Their beers are available in over 1000 pubs, bars, restaurants and retailers around the UK, as well as further afield in Sweden, Australia and Japan.
The deal follows a successful bid by Camden Town Brewery to raise capital via crowd funding and will support the company’s plan to build a second brewery in London, employing 30 more people and meeting growing demand for its products. The partnership will enable Camden Town Brewery to brew more of its own distinctive beers and continue to innovate, while maintaining its focus on quality.
Iain Newell, European director of Specialities & Craft at AB InBev, says: “Camden Town is a creative business with a great range of brands that will complement our existing portfolio. We will support their ambitious plans for the future, using our expertise and global distribution network to help them get their great beer to more people.”
The deal is expected to close by 7th January 2016, following which Camden Town Brewery will become a wholly-owned subsidiary of AB InBev. Terms of the agreement are not being disclosed.
