O'Hara's maker toasts investment from Spanish brewery
Carlow Brewing Company, the group behind the well-known craft beer O'Hara's, has announced an investment by Spanish brewing company Hijos de Rivera.
The investment will see the Spanish family-owned business purchase 32pc of the Bagenalstown-based operation. The founders will retain their controlling majority shareholding and leadership of the company.
The investment will enable Carlow Brewing Company to offer a return on investment to its original group of minority shareholders as well as benefit from Hijos de Rivera's well-established distribution channels and networks, aiding the development of new and existing export markets. Hijos de Rivera currently commands 6pc of the Spanish beer market. Its brands include Estrella Galicia beer. Carlow first developed a relationship with the company when it became its Spanish distributor.
"Our growth in recent years has given us the opportunity to offer a return to investors who have been a huge support to our business from the start," said Carlow CEO Seamus O'Hara.
"It has not been easy to get to this point. We have overcome a lot of challenges and obstacles along the way but some remain.
"The opportunity to work with Hijos de Rivera made the most sense for us due to a shared sense of value, heritage and culture."
Ignacio Rivera, CEO of the Galician brewery, said: "Hijos de Rivera shares many similarities with Carlow Brewing Company. Both companies are pioneers with a rich family tradition and culture."