Meantime Brewing Company has accepted an offer from SABMiller to acquire the business, making Meantime the first home-grown British brewer within SABMiller’s global business.
Meantime’s existing management team, led by CEO Nick Miller and Meantime founder and brew master Alastair Hook, will continue to run the company, supported by the current sales and marketing, production and retail teams. Miller will report directly to Sue Clark, MD of SABMiller Europe.
“I can say from personal experience that SABMiller is a great company to be joining forces with,” comments Miller. “I am delighted that they have seen the opportunity and believe in the longevity of the modern craft beer category in the UK and beyond. SABMiller has a long track record in nurturing local-market beer businesses that are recognised and loved worldwide.”
The Meantime management team will now focus on the expansion of its Greenwich brewery, enabling the continued growth of its existing portfolio of modern craft beers. The sales team will to continue to drive growth in target key cities across the UK as well as in new export markets.
The will also be an installation of a new pilot brewing facility at Meantime’s Greenwich brewery, led by Hook, which will become a centre for innovation and new product development for SABMiller Europe.
“The team at SABMiller have stressed how important our culture has been to our success to date and wish to see it retained within the business going forward,” adds Miller. “We are all excited about the opportunity to continue growing Meantime. We are also thrilled and flattered that SABMiller has given us a remit to continue to innovate. This is a massive compliment and acknowledges our position as pioneers in the modern craft beer category in the UK.”