Camden Town Brewery has announced today that it has been acquired by global brewer AB InBev.
Founder Jasper Cuppaidge said: “To stay at the forefront of this movement and secure our future success, we have to build a bigger brewery, employ more people and gain access to an international distribution network.
“We can’t do this on our own. That’s why I’m proud to say I’ve signed a deal with AB InBev.”
The deal follows a successful bid by Camden Town Brewery to raise capital via crowdfunding 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.
Iain Newell, European director of specialities and craft at AB InBev, said: “We have a passion for great beer. 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 be completed by January 7, after which Camden Town Brewery will become a wholly-owned subsidiary of AB InBev. Terms of the agreement have not been disclosed.
