CAMRA’s response to CMBC’s sale of Eagle Brewery

0

Spanish brewer SA Damm (Damm) has acquired Eagle Brewery from CMBC for an undisclosed sum, it emerged this week.

The announcement also said that as part of the deal, Eagle Brewery beers will continue to be sold as part of CMBC’s portfolio.

In addition, the brewery’s 67 production employees will be transferred to Damm’s British workforce.

World production of brewers

This followed CMBC’s announcement in September of the closure of Jennings Brewery in Cockermouth, Cumbria.

Additionally, late last year (December), CMBC revealed that it had closed the London Fields Brewery, closing the dining room and ceasing brewing as it sought to sell the site and brand.

This was in addition to other deals cited by CAMRA, including the transfer of London-based Fullers into ownership of Asahi, alongside many smaller independent breweries being gobbled up by global brewing giants.

CAMRA said the recent announcements are a “continuing sign of the difficulty UK breweries are having in competing with a few huge global brewing giants”.

The consumer organization estimated that these global brewers now produce around 70% of the beer made in the UK.

Continuous consolidations

CAMRA Chairman Nik Antona said: “This latest news highlights a global brewing market, which is massively unbalanced, grants too much power to international brewing giants and makes it increasingly impossible to compete. independent British brewers.

“We believe that the UK beer market, and in particular the restaurant market, needs constant monitoring by competition authorities, due to the continuous consolidations that have taken place over the past five years or so. .

“It’s small comfort, but at least the Eagle Brewery in Bedford is being sold as a going concern and the brands born and brewed there will find new homes at other CMBC breweries.”

Antona added that he was optimistic that maximizing production at CMBC’s remaining breweries would maintain profitability and deter the company from further site closures and job losses.

Share.

Comments are closed.