Beavertown confirms £40 million stake sale to Heineken

21st June, 2018 by Edith Hancock

North London brewer Beavertown has confirmed it sold a minority stake of its business to Heineken for £40 million after months of speculation in the beer world.

The maker of Gamma Ray and Neck Oil announced the investment on Thursday 21 June, and it said will go towards building a new brewing facility called Beaverworld with 10 times the brewing capacity of its current site.

The new facility is expected to create 150 jobs in Tottenham Hale.

Beavertown declined to reveal what percentage of the company Heineken now controls. A spokesperson said: “Whether its 1% or 49% the impact remains the same.”

Like many craft breweries, Beavertown has developed a cult following, particularly in Tottenham, the company’s birthplace. It recently struck a deal with Tottenham Hotspur to open….

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