Whitewater and C&C

[TheBeerNut]

The new C&C annual report came out last week. No change in the status of Five Lamps: still 87.5% owned, but one paragraph did catch my eye:

We continue to seed craft offerings such as Dowd’s Lane, Five Lamps and Whitewater and now have dedicated resource to accelerate progress.

Dowd's Lane is a wholly-owned brand extension (and tastes terrible IMO) but this is the first I've seen of an association between C&C and Whitewater.

Last summer, in the press stuff about the launch of Whitewater Maggie's Leap, there was mention of the company having received substantial investment, and their social media shows a new brewery under construction and almost completed, so I'm wondering is C&C paying for this, and if so why? There's no mention of ownership in the list of subsidiaries in the annual report material, and from looking at the Companies House records, Whitewater is still 100% owned by the Sloans.

It's all very strange. Anybody know what's happening?

[Tube]

C&C own Tennents.

https://beta.companieshouse.gov.uk/comp ... gDo7OmgsiQ

[TheBeerNut]

That document would suggest that C&C is indeed paying for the brewery, via a loan with both breweries as collateral. Still leaves the question of why. Maybe they just want to distribute it and need the extra volume to make it worth their while.

[Saruman]

That's interesting yeah. Something like the Sam Adams loan program?

[oblivious]

That's interesting yeah. Something like the Sam Adams loan program?

"We continue to seed craft offerings such as Dowd’s Lane,Five Lamps and Whitewater and now have dedicated resource to accelerate
progress."

No sure its just loads in the conventional sense from read there statments. As Five lamp is not seed funding, they own them pretty much out right

[TheBeerNut]

The new C&C Annual Report came out today. No change in Five Lamps's status but it says that on 20th December 2016 C&C acquired 25% of Whitewater.

[irish_goat]

Who are the Irish Brewing Company that they own 45.6% of?

[TheBeerNut]

Used to make Brew No. 1 lager but has been defunct for years now. It came to C&C as part of the Gleeson takeover.

[oblivious]

Ah so they have acquired partial ownership, I think that answers the question

[oblivious]

Who are the Irish Brewing Company that they own 45.6% of?

Its that dean McGuiness old brewing company??

[TheBeerNut]

Nope, Dean's was Celtic Brewing.

[oblivious]

Ah yes!