International feed additive manufacturer Alltech has purchased a UK craft brewery business for its Beverage Division.
The company has acquired 40,000 hectolitre Cumberland Breweries for an undisclosed sum. The business has two brewery sites - the first established at Great Corby in Cumbria four years ago, followed by a second at the Station Works Brewery in Newry, Co Down in Northern Ireland. The business was started and owned by the late Edward Haughey, Lord Ballyedmond, who founded the Norbrook Animal Health business which is now among the top 20 veterinary medicines companies in the world. Norbrook has its headquarters and a manufacturing plant in Newry.
Alltech founder Dr Pearse Lyons qualified in brewing and distilling before founding Alltech, which developed its business on yeast-based feed additives. The Alltech Beverage Division has three new breweries and a distillery under construction in the US, but this is the division’s first investment outside the US.
“These new purchases will allow us to develop already established European brands while at the same time introducing our Kentucky Ale range to new markets,” says Dr Lyons. “Since our first investment in the Alltech Craft Brews & Foods Fair in Dublin three years ago, the sector has mushroomed and our Fair is now the largest in Ireland attracting more than 10,000 visitors annually. We want to be one of the top 50 craft brewers in the world.”
Conor Farrell of Cumberland Breweries moves to become European sales manager of the Alltech Beverage Division.