Tue, 02 Jan 2024 | BUSINESS SALE
Administrators have secured the sale of Warwickshire-based craft brewery Purity Brewing Company to Breal Capital in a deal that secures 60 jobs. The business had fallen into administration amid widespread adverse trading conditions in the hospitality sector.
Joint administrators Mike Denny and Mark Firmin of Alvarez & Marshal LLP completed the sale of Purity Brewing Company and Pure Craft Bars to Breal Capital, which has completed several deals in the hospitality sector over recent months.
Breal’s recent acquisitions include a deal to take wine bar operator Vinoteca out of administration in August, the £60 million acquisition of restaurant group D&D London in October and the May 2023 acquisition of North Yorkshire brewery Black Sheep Brewery.
Purity Brewing brews and sells sustainable beers for both on- and off-trade. The company’s products include Mad Goose IPA, Lawless Lager and Longhorn IPA. In addition to its brewery operation, the company is also the parent of Purecraft, which operates a bar and kitchen location in Birmingham.
Joint administrator Mark Denny commented: “Like many operators in the hospitality sector, Purity Brewing and Purecraft have endured tough market conditions.”
“Most recently, the impact of significant cost inflation coupled with reduced discretionary spend has placed significant strain on the companies. We’re pleased to have preserved the future of both businesses and the Purity brand by delivering the sale to Breal Capital, safeguarding all 60 local jobs.”
Purity Brewing Managing Director John Hunt added: "We all know the brewing industry has had a turbulent time of late, and like many others, the business has certainly felt the pressure of rising costs.”
"However, we’re incredibly pleased Breal recognises the value and uniqueness of our offering and had the vision to invest in securing the future of the brewery."
Read more about the numerous pressures facing UK craft brewers
The opportunity to acquire the business and/or assets of a multi-award winning restaurant based in a historical city in the North of England.
Established just a year ago, this vibrant venue has quickly gained a loyal customer base and stellar reviews across platforms. Its prime location ensures consistent high footfall and passing trade, making it a sought-after destination for both locals...
LEASEHOLD
Renown Italian bar and restaurant that has been delighting patrons for the past decade. The restaurant has become a beloved local institution, known for its warm ambiance, exceptional food, and superb service. This thriving establishment offers a uni...
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.