Black Sheep Brewery’s managing director, Rob Theakston (left) and chairman, Andy Slee
Black Sheep Brewery has announced the purchase of York Brewery, transferring more than 40 jobs to its business. York Brewery entered administration on December 13, together with its parent company, Mitchell’s of Lancaster.
Black Sheep has acquired the £2.1m-turnover York Brewery and brands, as well as four outlets in the business as part of the deal, which is for an undisclosed sum.
The pubs are: Last Drop Inn, York; Mr Foley’s Tap House, Leeds; The Tap Room, York; and The Three Legged Mare, York.
The acquisition, which was facilitated by joint Administrators, Steven Muncaster and Sarah Bell, of Duff & Phelps Ltd, builds on a positive year for Black Sheep, which returned to profit in 2018.
Black Sheep Brewery chairman, Andy Slee, said: “This acquisition fits perfectly with our strategy of developing our presence in our Yorkshire heartland and owning pubs.
Good outcome
“Entering administration was worrying for the team at York Brewery, but our deal offers some comfort that its successful brand can be maintained, and the pubs can continue to operate. York Brewery complements our strong brands, and by acting quickly we have been able to provide a good outcome for both organisations.”
Black Sheep managing director, Rob Theakston, added: “Over the last 26 years we have produced some of the UK’s most iconic, award-winning beers, and the purchase of another longstanding brewery will secure the future of another well-respected Yorkshire brand.
“It also starts our journey into retail, which was announced at the AGM in September. We are delighted with the acquisition.”
Steven Muncaster, of Duff & Phelps, said: “Despite being a popular destination for both locals and tourists, York Brewery unfortunately continued to face cashflow pressures, ultimately resulting in it being placed into administration. However, we’re delighted to have secured a sale for York Brewery, which is especially pleasing so close to Christmas.”
