News
50 jobs safeguarded as brewer's future secured
Buxton Brewery Company Limited and Axe Edge Bars Limited appointed Rick Harrison and Howard Smith from Interpath Advisory as joint administrators on 20 May 2024, with the business then sold immediately in a pre-pack deal to Happy Place Investors Limited.
The company, which was founded in 2009, produces around 3,500 litres of beer per day and 30 different varieties. It supplies several supermarkets and pub chains throughout the UK, as well as exporting overseas, while it operations four taprooms and bars in Buxton, Derbyshire.
In a post on social media on 3 May, Buxton Brewery said it was “looking at all options to secure the future of the business”, before blamed low consumer confidence, a lack of business support from the UK Government and Covid for its struggles.
"However, the brand remains strong and relevant and the management team are determined to find a solution and are looking forward to announcing further developments as and when they are available," the statement added.
The deal that has now been agreed safeguards the future of the brewery and its taprooms and bars, as well as ensuring the continued employment of its approximately 50 members of staff who have transferred to the new owners.
Rick Harrison, managing director at Interpath and joint administrator, commented: “Independent craft brewers have had to navigate a number of headwinds in recent times, not least the long-term impact of the pandemic, as well as the impact of inflation on raw material costs.
“We’re therefore pleased to have concluded this transaction which safeguards the future of this well-regarded craft ale brand and its collection of popular taphouses in Buxton. We wish the purchaser and all of the team at Buxton Brewery all the best for the future.”
In other news, Kellanova has confirmed that its Kellogg’s cereal factory in Manchester will close towards the end of 2026.
