Brewing titan Heineken has purchased all remaining shares of Beavertown Brewery, meaning it now has full ownership of the London brewery.
The Dutch brewer snapped up a minority share in the North London craft brewer in 2018.
Within the latest deal, Beavertown founder Logan Plant is to step down as CEO and take up a new advisory role while Heineken craft development director Jochen Van Esch will step into his shoes.
Heineken purchased a full stake in South London’s Brixton Brewery last year, after acquiring a minority stake in 2017.
Beavertown’s success was “something I could never have predicted” when Logan Plant created the business in his kitchen a decade ago, the founder explained.
“From brewing in a rice pan to one of the most successful British brewers in recent years, employing over 160 people and brewing 360,000 hectolitres of beer,” he added.
Plant said he was “extremely proud” of the agreement with Heineken, dubbing it as the “natural next step” for the company.
More to follow…
The post Heineken takes full ownership of Beavertown Brewery appeared first on CityAM.
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