Cider maker Aspall, which has been a family run business dating as far back as 1728, has been acquired by US beer giant Molson Coors.
The deal for the Suffolk-based brand, which is one of the UK’s leading cider producers, is for an undisclosed sum, but is thought to be around £40 million including debt.
Aspall’s Henry Chevallier Guild said: “There is a real opportunity to elevate and grow the status of English cider in the UK and abroad both as a beverage and as an excellent partner for food.
“We believe that Molson Coors’ investment will provide the catalyst to grow Aspall and build the recognition for quality cider worldwide.”
This is not an isolated purchase for the US beer giant, Molson Coors, that owns brands including Carling and Miller, as the company bought Cornwall-based Sharp’s Brewery for £20 million in 2011.
The US beer producer said it wanted to make Aspall the UK’s top-selling premium cider and build on the potential of its vinegars.
Molson Coors runs breweries at Burton-upon-Trent, Tadcaster, Burtonwood and Cork, Ireland.