Japanese multinational Kirin acquires Yorkshire micro via Australian subsidiary
Independent British breweries continue to attract attention from acquisitive foreign brewers, and Magic Rock of Huddersfield is the latest target. Kirin's subsidiary Lion announced today that they have acquired 100% of the brewery for an undisclosed sum. Less than a year ago, Kirin purchased London brewery FourPure. Reports indicate that the moves to add Magic Rock to its portfolio began immediately after thi...
Bermondsey microbrewery is the second London brewer to sell to a multinational in recent weeks.
Japanese drinks giant Kirin, via its Australian subsidiary Lion, has purchased outright the south London microbrewer FourPure for an undisclosed sum. This follows the minority investment of Heineken in fellow London craft brewer Beavertown, announced last month.
While this is Lion's first UK acquisition, it has experience of the craft beer market, having previously taken ownership of Australia's Lit...