Brewer set for expansion after BGF investment

Brewer set for expansion after BGF investment

A West Midlands brewer is set to expand across the country after securing a multimillion-pound investment from the BGF.

Warwickshire-based Purity Brewing Co, one of the UK’s largest independent breweries, was founded in 2005 by Paul Halsey and Jim Minkin.

The BGF has pumped £7.5m into the business to support its "organic growth strategy".

Halsey and Minkin will continue to lead Purity, supported by Simon Brown as non-executive chairman. Brown has spent 25 years with Grand Metropolitan and Scottish and Newcastle and latterly in joint ventures with Heineken UK and C&C.

Halsey said: "We’ve made big strides for a growing company. Our vision has always been to create brilliant brands, value our people and put sustainability at the heart of everything we do, and we’re delighted to have the support of BGF to help us take our offering to the next level.

"We have an amazing team who know the secret to making great beer with real character, and our new partnership with BGF will allow us to access their expertise in helping businesses like ours to scale, as well as their extensive network."

BGF’s Paul Oldham, who will join the board of Purity, added: "Purity has grown by attracting consumers who are increasingly looking for premium, innovative alternatives to the traditional ale brands.

"It’s an established and well-respected brand with fantastic products, and we’re excited to be able to help the team scale further."

The investment in Purity was led by Gurinder Sunner, Joanne Smith, Chris Nixon and Olly Cutting who are based in BGF’s Birmingham office.

BGF was advised by Gateley and Claritas. PwC, Higgs & Sons and Spencer Gardner Dickins advised Purity.

Purity Brewing's beers include Pure Gold, Mad Goose, Pure UBU, Longhorn IPA, Lawless Lager and Saddle Black. The business, which is based on a working farm in Alcester, posted a turnover of £8.8m for the year to 31 August 2017, up from £7.8m in 2016. It also reported a rise in pre-tax profits from £601,996 to £710,573.

It scooped the Sustainable Manufacturer of the Year Awards at Insider's Made in the Midlands in 2015 and 2016.