This week, UK-based Gower Brewery took to equity crowdfunding portal Crowdcube to raise £350,000 as it prepares to expand its keg products. The brewery has sold more than 700,000 pints of beer across five countries in the past 12 months alone.
The company, which was established just five years ago, has grown from a“back of a pub” startup into a brewery that is able to produce 35,000 pints of brew per week. Gower Brewery has won several awards, including Countryside Alliance UK Start-Up Business Award and its Lighthouse Lager was selected as one of the best 500 beers in the world in Boutique Beer in 2013. Its other brew, Gower Gold, was also dubbed a finalist at Sainsbury’s Great British Beer Hunt that year as well. The brewery’s team noted:
“We pack our beers with flavor and natural goodness, and ultimately brew beers we want to drink! We are proud to spread the word of craft beer around the country and put the Gower peninsula on the map as a destination for great beer.”
Besides keg product expansion, the funds from the Crowdcube campaign will also go towards increased operational efficiency and develop sales through the UK. Sharing details about its exit plans, the company reflected on Crowdcube alum Camden Town Brewery and its previous success:
“Camden Town Brewery sold for approximately £85 million to AB Inbev (the world’s biggest drinks company) in 2015. Meanwhile, Meantime Brewing Company sold to SAB Miller (the world’s second biggest brewer) in 2015. We are seeking an exit of this nature via a trade sale to a large multinational company within 7 years.”
The campaign is set to close in late October.
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