Saturday, March 6, 2021

Cadman Capital Group makes Welsh brewer its first acquisition of 2021

Northamptonshire-based Cadman Capital Group has acquired Conwy Brewery, a Welsh brewer specialising in cask and bottle conditioned ales.

The newly-acquired brewery forms a core part of the Cadman Capital Group’s long-term strategy to participate within the UK beverage market. The acquisition of Conwy Brewery is the third completed through Highweald Beverages, a portfolio company of the Group.

Since its inception in 2003, Conwy Brewery has experienced substantial growth, offering cask and bottled ales through both its core range and its seasonal specials. The brewery is well-respected and established in North Wales and benefits from strong relationships with the local hospitality market.

Highweald Beverages intends to keep business at the brewery operating as usual and will work alongside the company’s team to ensure the business continues to go from strength to strength.

“The purchase of Conwy Brewery is the next stage in our ongoing strategy to become a prominent, mid-market beverage company with strong and recognisable brands. This subsequent acquisition forms part of a larger, longer term strategy as we continue to look for new sites and locations to meet our ambitious growth plans,” said Stephen Bayliss, Investment Director of the Cadman Capital Group.

Robin Langton, General Manager of Highweald Beverages, said: “Welcoming Conwy Brewery to the Highweald Beverages portfolio further expands our operations within the UK brewing industry, as we continue to focus our efforts on the acquisition of strong regional businesses within the British beverage market.

“The brewery is an outstanding business with great operations and an experienced team, and we are excited to bring it under our ownership.”

Howes Percival managed the legal process of the deal, which follows the Group’s earlier purchases of Lake Street Vineyard and 360 Degree Brewing Company in 2020.

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