Business Irish

Wednesday 13 December 2017

Wicklow Wolf brewers bag €320,000 investment

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

John Mulligan

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.

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

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business