Tilray Brands has completed the acquisition of BrewDog Brewing Australia Pty Ltd, including BrewDog’s Australian brewing and production facility in Brisbane, Queensland, and a portfolio of owned and franchised BrewDog bars across the country.
The acquisition includes two owned BrewDog bar locations in Brisbane — DogTap Brisbane and BrewDog Fortitude Valley — as well as three franchised BrewDog locations in Pentridge (Victoria), South Eveleigh (New South Wales), and Perth (Western Australia).
“Australia is a highly attractive craft beer market with a strong beer culture, and serves as a strategic gateway to the rapidly growing Asia-Pacific region,” said Irwin D Simon, chairman and chief executive of Tilray Brands.
“Together with our recently announced acquisition of BrewDog’s profitable UK operations, this transaction further expands Tilray’s international brewing footprint and strengthens our scaled global beverage platform.
“BrewDog’s brewing capabilities, production infrastructure, and hospitality locations in Australia provide a strong operational base to invest in the brand’s next chapter, while also creating a strategic hub to introduce Tilray’s portfolio of leading US beverage brands across the Asia-Pacific region.”
