NEW BUYER SECURES JOBS FOR NORTH YORKSHIRE BASED BREWERY
Equity lending and advisory services company, Breal Capital, has acquired Black Sheep Brewery, its shop and visitor centre and its estate of public houses.
Earlier this month the Masham based brewery warned that it intended to appoint administrators, blaming a “perfect storm” of riding costs and the pandemic.
The brewery, which was founded in 1992 and employs 150 people, had revealed in April that it was exploring a sale or merger as a way of attracting new investment.
National law firm Freeths advised Breal Capital on the acquisition.
The firm’s restructuring partner, John Jeffreys, said: “We are extremely pleased to have supported our client Breal Capital in this acquisition which represents an important addition to its existing portfolio.
The future of this well-loved brewery has been secured with Breal’s support and we wish them every success.”
A spokesman for Black Sheep Brewery told the BBC: “This marks the next chapter in the history of Black Sheep as we look to grow the business in a sustainable way.
Our team will continue to produce great beers from our landmark brewery in Masham.”
The award-winning brewery was founded by Paul Theakston to champion independent brewing following the sale of T&R Theakstons to a national brewer. In 2003 Simon Theakston and his brothers led a buy back, bringing the brewery back into family control.