Half Full Beer Company Completes Purchase of Award‐winning Ilkley Brewery
Half Full Beer Co, based in West Yorkshire, has announced the acquisition of multi‐award‐winning Ilkley Brewery for an undisclosed sum.
The purchase marks the first phase for Half Full Beer Co, which is headed by former Ilkley Brewery manager Luke Raven, with the launch of a separate, new brewery among its future plans.There will be immediate investment in expansion of production at Ilkley, leading to the creation of more jobs.
Ilkley Brewery was founded in 2009 by Chris Ives, with Glentrool Capital Partners LLP investing a mixture of debt and equity in 2011, enabling the brewery to quadruple its output and become an extremely profitable business.
Today it has the capacity to produce two million pints a year and its customers include Morrisons, Sainsbury’s, Asda and Booths, as well as pub companies throughout the UK. Locally over 600 pubs and restaurants regularly stock Ilkley Brewery beers, having built up a reputation for producing consistent and high quality award‐winning ales.
Commenting on the sale, Chris Ives, said,
“When I left the property sector and established Ilkley Brewery six years ago I had no idea it would be so successful in a relatively short space of time.
“I am extremely proud to have established Ilkley Brewery, and to have strategically guided it in the right direction. It is great to be passing over the reins to Half Full Beer Co who I know will continue my philosophy of brewing great beer.”
Paul Nolan for Glentrool Capital Partners, commented,
“Our investment in Ilkley Brewery has been very successful, having generated upper‐quartile returns, resulting in its performance attracting a number of suitors. However we are delighted to have completed the deal with the team at Half Full Beer Co who are passionate about the business and recognise the potential growth of the company.”
Existing director at Ilkley Brewery, Richard Shelton will remain in post, ensuring continuity and stability.
Half Full Beer Co’s Managing Director, Luke Raven will draw on his working knowledge and experience of the brewery, and says,
“With the quality of its beers recognised, and demand high, the opportunity to continue to be a part of the Ilkley Brewery story was not one to be passed up. We are excited and focused on providing fresh impetus to continue building the Ilkley brand.”
The sellers were advised by Martin Frost at Lupton Fawcett solicitors and corporate finance advice was provided by Paul Nolan at Glentrool Capital Partners. Tax Advice was provided by Garbutt & Elliot.
Corporate Director Martin Frost, who heads up Lupton Fawcett’s Breweries and Pub Sector team, said:
“We were delighted to be able to assist the sellers in the sale of this well‐known Yorkshire business. By working closely with them, and the highly experienced team at Glentrool Capital, we were able to ensure the deal progressed quickly and smoothly to completion and secure a great result for all parties. We wish Luke and Richard every success in taking Ilkley Brewery forward to even greater heights!”
Half Full Beer Co was advised by Ben Jackson at Bury &Walkers LLP solicitors, and corporate finance advice was provided by Andy Boyle at GBAC who says,
“This has been one of those deals that has enjoyed serendipity throughout. It's a great brand, I know from experience they make great beer and it's a great business too. It's really good to see Simon Ord and Luke back working together to form Half Full. I couldn't be more thrilled for them, Richard and the rest of the Ilkley team for the exciting journey that lies ahead. We'll be celebrating with a few Mary Janes I hope.”
Photograph attached depicts (left to right): Martin Frost (Lupton Fawcett), Paul Nolan (Glentrool Capital Partners), Chris Ives, Richard Shelton (Ilkley Brewery), Jon Clarke (Bury & Walkers), Luke Raven (Half Full Beer Co), Marie Lang (GBAC).