In­nis & Gunn share­hold­ers ac­cept in­vest­ment of­fer

The Courier & Advertiser (Angus and The Mearns Edition) - - BUSINESS -

Share­hold­ers in beer com­pany In­nis & Gunn have voted to ac­cept a £15 mil­lion in­vest­ment of­fer which val­ues the busi­ness at £54m.

The craft brewer, which owns In­veral­mond Brew­ery in Perth, has sold a 27.9% stake in the com­pany to L Cat­ter­ton.

The com­pleted deal will fuel the Scot­land­based com­pany’s growth plans in the UK and in­ter­na­tion­ally.

Founder and mas­ter brewer Dou­gal Gunn Sharp, who will re­main the big­gest share­holder, said the of­fer would be “mas­sively good news” for the Perth brew­ery, which In­nis & Gunn ac­quired last year.

Mr Sharp said: “With the back­ing from our share­hold­ers we’re ex­cited to move for­ward, strength­ened with the sup­port of L Cat­ter­ton’s un­par­al­leled ex­per­tise in brand build­ing and un­der­stand­ing of global con­sumer mar­kets.

“This is a huge op­por­tu­nity at the right time for us to build on the solid foun­da­tions that have been laid to dou­ble our 2015 turnover by 2018.”

In­nis & Gunn Brew­ing Com­pany Lim­ited gen­er­ated rev­enues of £13.1m in the year to De­cem­ber 31 2016, up from £11.8m the year pre­vi­ous.

Jean-philippe Ba­rade, part­ner at L Cat­ter­ton, said: “The craft beer cat­e­gory is boom­ing glob­ally and In­nis & Gunn has es­tab­lished a lead­ing po­si­tion in the mar­ket.”

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