Heineken takes minority stake in London-based brewery

BeavertownDutch beer brand Heineken has taken a minority stake in Beavertown Brewery, which will provide a £40 million cash injection for the London-based craft brewer to build a new site.

Beavertown, founded by Logan Plant, the son of British rocker and Led Zeppelin frontman Robert Plant, announced the deal would enable the group to build a new brewery and visitor site.

Known for its brightly colored, cartoon-covered cans, Beavertown said it plans to build a 450,000 hectolitre facility in London that will increase its brewing capacity tenfold.

The new facility will create up to 150 new jobs.

It is the latest addition to the craft beer portfolio for Heineken, the world’s second-largest brewer, following other deals including with London’s Brixton Brewery and California’s Lagunitas.