COMPETITIVE · USA
Tilray acquisition of Brewdog UK operations out of administration
Change
Brewdog was bought in a £33m deal by US beverage and medical cannabis company Tilray after Brewdog went into administration.
Why Now
The deal value is £33m and names Tilray as the buyer. Brewdog is selling its UK brewing operations, its brand, and 11 pubs as part of the transaction. The parties are still negotiating a separate deal regarding Brewdog’s assets in the United States and Australia. The excerpt states Brewdog’s wider UK pub estate includes 60 pubs, with their fate described as uncertain following the sale. Brewdog’s UK pubs stayed closed on Monday while the deal was awaiting confirmation.
Impact
- • Ownership of Brewdog’s UK brewing operations, brand, and 11 pubs shifts to Tilray under the executed £33m sale.
- • Brewdog US and Australia assets remain outside the completed transaction and are still under negotiation.
- • Brewdog’s remaining UK pubs beyond the 11 included in the sale are described as having an uncertain fate.
Who Recalculates
- • Breweries and beer brand owners/operators
- • Pub and hospitality operators
- • Employees of the acquired brewing and pub assets
- • Corporate restructuring and insolvency stakeholders
Source
Topics
Business & Markets Mergers & Acquisitions Agriculture Food & Beverages