Camden Town Brewery – one of London’s most successful craft beer companies – is to become a wholly owned subsidiary of AB InBev, the world’s largest drinks company and owner of brands including Stella Artois and Budweiser, following a takeover deal.
The independent brewer stated this week that it had accepted the international company’s offer so that it can expand into new markets across the world and build new brewing facilities.
Reported to be worth in the region of £85 million, the deal has already caused concern among supporters of the brand, while Brewdog has announced that it will cease selling Camden Town Brewery’s beers due to the deal.
AB InBev is soon set to complete another deal with major rival SAB Miller, in a move costing approximately £70 billion, but it is also acquiring a large number of independent craft beer makers due to a rising popularity for their products among consumers.
In a letter that was given to shareholders, it was revealed that an amount between £1.0861 and £1.2526 per share has been offered by AB InBev, with the rate reliant on various options connected to sales growth.
Camden Town Brewery’s latest accounts show a pre-tax profit of £319,000, with revenues over £9.5 million.
Jasper Cuppaidge, along with family members and his three best friends collectively own a 95 per cent equity stake in the company.
Between them, it is expected that they will share approximately £80 million.
In response to criticism, Mr Cuppaidge said: “You only have to look at brands such as Innocent… They’ve gone from strength to strength by joining up with Coca-Cola.”