Saturday 24 February 2018

Well known Irish craft beer company gets investment from Spanish brewery

Ellie Donnelly

Ellie Donnelly

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 and Maeloc cider.

Read more: ‘People were dreaming of IPOs, while I was dreaming of IPAs’

Carlow Brewing Company 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. 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”, ceo of Carlow Brewing Company, Seamus O’ Hara said.

“The opportunity to work with Hijos de Rivera, made the most sense for us due to a shared sense of value, heritage and culture,” he said.

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business