Tuesday 21 February 2017

Wicklow Wolf brewers bag €320,000 investment

Published 10/02/2016 | 02:30

Simon Lynch, co-founder of Wicklow Wolf Brewing Company
Simon Lynch, co-founder of Wicklow Wolf Brewing Company

The chief executive of Oyster Capital Partners, Martin Scully, is among those who've invested a total of €320,000 in Wicklow Wolf Brewing Company, increasing their stakes in the business.

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The chairman and founder of Irish technology group Fieldaware, veteran investor Bill Beamish, has also boosted his holding in the business. Mr Beamish has invested €45,000 in the brewer, having already been a shareholder.

The craft beer company was founded by Simon Lynch, a horticulturist, and Mark Quincey Fennelly.

Other investors who have just stumped up cash for the beer business include Dublin-based Stephen Twaddle.

He invested a total of €100,000 in the company and has also been appointed a director of the business. Mr Twaddle is a director of the charity, ActionAid Ireland.

Mr Scully invested €20,000 in the beer company, while John Hayes, also a director of logistics technology group Fieldaware also injected €20,000.

Oyster Capital, whose chairman is Bill McCabe, is a backer of Fieldaware.

Oyster Technologies is also a direct shareholder in the beer company.

Wicklow Wolf Brewing was established in 2013, with the founders planting 10-acres of hops for their venture.

They used their own funds as well as backing from Enterprise Ireland to get the business off the ground.

They also persuaded a brewer to move from Colorado to Ireland to help drive the operational side of the business. The company supplies well over 200 off-licences and pubs.

Irish Independent

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