Beavertown sells remaining 51% of shares to Heineken

Popular North London craft brewer Beavertown has sold the remaining 51% stake of its business to Heineken

The maker of Gamma Ray and Neck Oil had already sold a 49% stake of its business to Heineken back in June 2018 for £40million but no figure was put on the sale price of the final batch of shares.

Following the 2018 deal with Heineken, Beavertown  built a new brewery in Tottenham Hale called Beaverworld .

Last summer, Beavertown Brewery announced plans for the launch of its first ever pub, Corner Pin, situated in the heart of the brewery’s hometown in Tottenham, north London.

The brewer also formerly struck a deal with Tottenham Hotspur to open a microbrewery and taproom at the stadium, which both parties claimed was a “premier League first.”

Its founder, Logan Plant, says the beer was first developed in a restaurant’s basement kitchen and has previously spoken out about the importance of maintaining the company’s independence.

Sources said that the sale will see Plant depart the beer scene keeping a title of “consultant”.

In an interview at the time of the first sale of shares Mr Plant, son of rock legend Robert Plant, responded no to the question ‘are you selling up and selling out?’

“It’s a minority deal”, he said. “This whole process has been about me staying in full control of our journey with our team continuing to man the charge and take us forward in to the future together like never before.”