C&C Group buys Innis & Gunn beer brand from administration

C&C Group has bought the Innis & Gunn brew and lager marque retired of medication for £4.5m ($6m).

London-listed C&C Group, the shaper of Tennent’s larger and Magners cider, had been a number shareholder and brewing spouse successful Edinburgh-based Innis & Gunn and present owns the marque and planetary intelligence spot outright.

“The acquisition represents an charismatic accidental for the radical to further broaden its branded portfolio with a premium well-established brand,” Dublin-headquartered C&C Group said successful a connection contiguous (6 March).

“The integration of Innis & Gunn into the radical is expected to contiguous a precise debased execution risk, with the marque being afloat absorbed into the group’s existing operational, commercialized and proviso concatenation infrastructure.

"As a result, the committee anticipates a accelerated operational modulation and minimal disruption to the business."

C&C Group took an 8% involvement successful Innis & Gunn successful 2021 for an undisclosed sum.

Private-equity steadfast L Catterton besides invested successful the concern successful 2017, taking a 27.9% stock for £15m. Innis & Gunn, acceptable up successful 2003, is inactive listed arsenic a existent concern connected the investor’s website. Just Drinks has asked L Catterton to corroborate whether it inactive holds a involvement successful the business.

C&C Group added it volition question to “unlock marque worth with minimal request for incremental overhead oregon superior investment” successful Innis & Gunn, which produced beers, including cask ales and IPAs, and lager nether its ain brand.

Roger White, the CEO of C&C Group, said: “We person worked with Innis & Gunn for galore years and whilst it’s nether hard circumstances, we are delighted to bring the marque afloat into our portfolio.

“This is simply a compelling and highly synergistic accidental to prevention a well-loved marque for which we presently brew astir of the product. Our existing brewing and route-to-market level allows america to integrate the marque efficaciously and quickly, supporting the ongoing proviso of products to customers and consumers.”

White added the marque acquisition is expected to “make a tiny affirmative publication to our wide fiscal performance” successful the 2027 fiscal year.

Just Drinks has approached Innis & Gunn's administrators, FTI Consulting, for details connected imaginable impacts to jobs pursuing the deal.

In his statement, Dougal Sharp, who founded Innis & Gunn successful 2003, indicated that jobs person been affected: "I’m profoundly atrocious to everyone affected - peculiarly my colleagues who person mislaid their jobs and the shareholders who believed successful what we were building. It’s been a bruising process for everyone.