Fourpure has become the latest UK craft brewer to be bought up by a multinational.
The London-based firm, famed for its Pils and Session IPA, confirmed that it had been acquired by Australian-based beer company Lion for an undisclosed sum. It follows hard on the heels of acquisitions of the likes of Beavertown (Heineken), Aspall Cyder (Molson Coors), Meantime (SAB Miller then Asahi) and Camden Brewery (Anheuser-Busch InBev).
The Beavertown sale, in particular, angered many craft beer fans, who were not slow to let their feelings be known on social media. But Fourpure claims that its new owners are singing from the same hymn sheet.
‘Lion’s past investments in craft breweries in Australia and New Zealand, including Little Creatures, have always respected the beer and the people,’ said Fourpure co-founder and CEO Daniel Lowe.
‘Over the past 12 months we’ve been working hard to find the right investment path for the next phase of the Fourpure story. We met Lion … after a wide range of funding options had been considered, and quickly realised we had a shared vision and values.’
Both Daniel Lowe and his brother and co-founder Tom are staying on at Fourpure.
Founded in 2013, Fourpure is part of Bermondsey’s famous ‘Beer Mile’ along with the likes of The Kernel, Partizan and Anspach & Hobsday.