SCOTTISH CRAFT BREWERIES ANNOUNCE MERGER

A merger between Consolidated Craft Breweries and Broughton Ales has been announced by the companies’ respective board of directors.
The deal brings together a portfolio of beers, including Old Jock Ale, Spey Valley’s 1814 Lager, Alchemy’s Craft Beers and Snake Venom, which is exported to China.
Following investment from Scottish Enterprise and current shareholders, the transaction will help fund three brewing sites and build on growing demand both locally and internationally.
Broughton Ales claims to be Scotland’s first independent brewery, founded by David Younger and James Collins in 1979.
Consolidated Craft Breweries is the owner of the Spey Valley and Alchemy Breweries and produces a range of beers brewed in Speyside and Central Scotland.
A spokesperson for the combined businesses said: “With fresh investment, we believe our expertise in production, sales and marketing will allow us to build on recent successes in exporting to Sweden, France, Italy and China, and to grow our brands domestically in pubs, bars, supermarkets and the rapidly-emerging online sector.
The merger builds on the strength of Consolidated Craft’s brands in export and domestic on-trade, whilst Broughton’s Old Jock is now a top 10 bottled ale in Scottish supermarkets with increasing sales across the UK.”
They added: “As we emerge from Covid, by combining our expertise and brands, we see a significant opportunity to invest in our people, and our three brewing sites at Broughton in the Borders, Alchemy in Central Scotland, and Spey Valley in the Scottish Highlands.”