The drinks industry briefing
The news and data you need to know about the industry
BrewDog to invest £30m to become carbon-negative
Scottish craft brewer BrewDog is reportedly planning to invest £30m ($39.3m) to become a carbon-negative company.
CCEP Ventures acquires stake in Innovative Tap Solutions
Coca-Cola European Partners’ investment arm CCEP Ventures has acquired a 25% stake in Innovative Tap Solutions (ITS), which makes dispensed drink solutions and is doing business as PourMyBeer.
Beavertown sets up £40m brewery in London
Beavertown Brewery has opened a new brewery in London on a six-acre plot at Ponders End, Enfield. The brewery, Beaverworld, is reportedly one of the largest breweries in London, built with an investment of £40m.
The facility features a brewhouse, packaging space, warehouse, logistics hub and offices. With the opening of the facility, Beavertown’s Tottenham facility will be for brewing special releases and seasonal beers.
Nestlé Waters UK is planning to increase production capacity of its facility in Buxton with an investment of £31m to improve distribution and reduce carbon emissions.
Nongfu Spring, a bottled water company based in China, has reportedly raised more than $1bn through its initial public offering in Hong Kong.
Japan’s Asahi Group is reportedly planning to raise nearly JPY457.5bn ($4.3bn) through a stock and bonds sale to finance the acquisition of AB InBev’s Carlton & United Breweries (CUB) unit in Australia.