Global beer giant Carlsberg has just acquired London Fields Brewery
As part of the deal, London Fields Brewery will go back to brewing its beers in Hackney, and will operate in a joint venture with Brooklyn Brewery
UK craft beer is now probably the best beer the world – as London Fields Brewery has announced its been acquired by industry giants Carlsberg UK.
The start-up will operate in a joint venture with Brooklyn Brewery, and will now sit at the core of the Danish brewer’s UK portfolio – as well as working with Brooklyn Brewery to develop a new range of beers.
Based and founded in Hackney by Julian De Vere Whiteway-Wilkinson, London Fields Brewery will now go back to brewing its beers under the railway arches in the trendy East London hotspot – and will also seek to upgrade its taproom and events space.
With the global craft beer market estimated to be worth $502.9bn by 2025, its certainly an industry with massive growth potential – and its no surprise that some small British brewers have made themselves huge fortunes in recent years.
Just before Christmas 2015, Camden Town Brewery was acquired by AB InBev for a few rumored to be £85m – though the move generated some negative online publicity for the start-up, with many fans and industry peers claiming the brand had “sold out” and lost its craft beer credentials.
Start-ups 100 Brewdog, founded by Young Guns James Watt and Martin Dickie, more recently entered the coveted club of UK unicorns by hitting the $1bn mark following a £213m investment from equity firm TSG Consumer Partners – with £100m designated to fund its global expansion.
Not just a market for those who physically make the stuff themselves, online platforms focused on the growing number of consumers looking beyond whatever is the cheapest on tap include the likes of Beer52 and HonestBrew.
Julian Momen, Carlsberg UK’s chief executive, said:
“We’re thrilled to add London Fields Brewery to our growing portfolio of great quality craft and specialty beers. Our customers, and specifically those in London and other major cities, are looking to us to offer them the best possible range of interesting craft beers – and we think that, with nurturing, London Fields Brewery has huge potential.
“It’s the right move for us as we build a credible craft portfolio.”
Eric Ottaway, chief executive of Brooklyn Brewery, added:
“We’re excited to be able to work closely with this great London-based craft brewery. The range of beers, their eye-catching artwork and the great location of the brewery in Hackney makes for a fantastic platform.”