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Hop Stuff Brewery and Taprooms sold to Molson Coors

Hop Stuff Brewery and Taprooms sold to Molson Coors

Neil Gostelow and Will Wright from KPMG’s Restructuring practice were appointed Joint Administrators to Hop Stuff Brewery and Taprooms on 12 July 2019.

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The Thamesmead-based craft brewer, Hop Stuff Brewery and Taprooms, has been sold out of administration to Molson Coors, in a deal that sees all jobs transfer to the new owner.

Neil Gostelow and Will Wright from KPMG’s Restructuring practice were appointed Joint Administrators to Hop Stuff Brewery and Taprooms on 12 July 2019.

The company, which was founded by James Yeomans in 2013, produces a range of IPAs, pilsners, porters and stouts, including brands Renegade IPA, Four Hour Session IPA and Unfiltered Pils from its state-of-the-art brewery in Thamesmead. It also operates three Brewery Taprooms - Taproom SE8 in Deptford, SE18 in Woolwich Arsenal, and TN23 in Ashford, Kent.

In recent months, the company had faced mounting cash flow pressures amidst stiffening competition, culminating in the appointment of the joint administrators.

Immediately following their appointment, the joint administrators sold the brand and assets of the business to Molson Coors, saving all jobs and securing the future of the Brewery, its brands and Taprooms.

Neil Gostelow, partner at KPMG and joint administrator, commented: “As is so common for young businesses facing cash shortages, Hop Stuff Brewery needed to find a buyer for its assets quickly or risk the whole business going into liquidation. This sale of the brand and assets to Molson Coors secures the brewery, the brands and Taprooms and all jobs. Under the circumstances, it was the best possible option to make sure the business could continue to trade.”

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Notes to Editors:

General enquiries about the administration should be sent to: Hopstuffbreweryandtaprooms@kpmg.co.uk

For media enquiries only, please contact:

Katy Broomhead, Senior PR Manager

Tel: 0161 246 4623 / 07824 537963

Email: katy.broomhead@kpmg.co.uk

Follow us on twitter: @kpmguk

KPMG Press Office: +44 (0)207 694 877

 

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