The Scotsman

Brewer seeks partial sale to power plans to expand

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0 MD Gerald Michaluk said Arran Brewery is looking to emulate the model used by Drygate

Arran Brewery is to sell a minority stake in its Loch Earn brewery, hotel and visitor centre as it looks to expand production capacity.

The beer maker said it is considerin­g the sale of a 45 per cent stake in its venture to another brewer or hotelier, and is also considerin­g deals with a venture capital firm or the public via crowdfundi­ng platforms.

MD Gerald Michaluk said the firm aims to emulate the shares model used by Drygate and its part-owner Tennents.

He said: “We are simply copying the Drygate brewery shareholde­r model to avoid paying a higher than needed duty level until the brewery is establishe­d. By selling the stake in the business we can fund the remaining elements of the project and make it fly.”

The brewer and its backers have so far invested more than £700,000 in the Loch Earn site, including to equip the brewery and cider production facility.

It is also licensed for wine and has provision to produce apple brandy, gin and whisky.

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