Camerons Brewery secures new funding package
Camerons Brewery has agreed a refinance and funding package to support its growth strategy.
Hartlepool-based brewer and pub operator Camerons Brewery has agreed a refinance and funding package to support its strategic growth strategy.
The deal, made with Sandton Capital Partners and Independent Growth Finance, includes the refinancing of Camerons' existing debt and the provision of new working capital.
It supports Camerons Brewery’s plans to invest in the group made up of its brewery and an estate of 44 pubs and bars, including the flagship Head of Steam and Urban Country Pub brands.
"The business has performed well despite the challenges that hit our industry in recent years," says Chris Soley, CEO at Camerons Brewery. "Thanks to the funding from Sandton and IGF, which includes a competitive refinancing and working capital solution, we are now well placed to take the business forward again.
"The teams share our vision and support our investment in the infrastructure and expansion of both sides of the business. Their investment demonstrates confidence in Camerons Brewery and recognises the financial strength of our business and our focused strategy for profitable growth. We’re excited for what is ahead, seeking to grow our position as a leading contract brewer and invest into our existing pubs and open new locations in new cities throughout the UK."
Camerons Brewery was acquired by David Soley in April 2002. He remains chairman of the business with Chris Soley running the business and John Foots supporting as CFO.
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