Alltech announces major expansion with purchase of two European craft breweries
In a major expansion of its international alcohol division, Alltech, the animal nutrition multinational and producer of award-winning beers and spirits including Kentucky Bourbon Barrel Ale® and Town Branch® Bourbon, has acquired a craft brewery in Northern Ireland and also one in mainland United Kingdom. Dr. Pearse Lyons, the Dundalk-born entrepreneur and founder of Alltech, purchased the breweries from the family of the late Northern Irish businessman Lord Ballyedmond. Alltech’s acquisition of The Station Works Brewery in Newry Co. Down and Cumberland Breweries Ltd. in Great Corby, Cumbria, England represents the first major expansion outside the United States for its brewing division. Already one of the fastest growing craft brewers in the United States, these purchases represent a significant investment by Lyons in the future of the rapidly expanding craft brewing sector in Europe. Alltech’s core animal nutrition business has [...]