Brixton Brewery, based in the namesake district of south London, England, has announced to have joined up with Heineken UK to help financing an ambitious expansion plan. The brewery, which was founded in 2013, outgrew its existing brewing facility and will move to a much larger site.
“We want to remain in Brixton, this fantastically eclectic place that has inspired and nurtured us, and given us the names and characters of many of our popular beers,” the company said in a statement. After having found a site several streets away from its current brewery, the brewery had looked at several financing options for its expansion, including crowdfunding, private investment, and private equity, according Jez Galaun, one of the founders of Brixton brewery.
Finally they were approached by Heineken UK and agreed to sell a minority stake at an undisclosed sum. The money is intended to finance boosting production capacity from currently 3.500 hl to 18.000 hl. The new site is expected to be operational in less than half a year by April 2018.
The craft beer industry in Great Britain’s capital London has already been subject to several takeovers in recent times:
- Greenwhich based Meantime Brewing Co. was acquired by SABMiller in May 2015 and was subsequently sold to Asahi in October 2016. (inside.beer, 11.10.2016)
- ZX Ventures, the venture capital arm of AB-InBev, purchased Camden Town Brewery in December 2015 and opened a new 400,000 hl site in August 2017. (inside.beer, 7.8.2017)
- Last but not least Carlsberg, in partnership with Brooklyn Brewery, acquired London Fields Brewery in July 2017. (inside.beer, 3.7.2017)