By Alec Mattinson2021-06-09T16:17:00+01:00
The owner of Isle of Sky Brewing Co has bought Scottish craft beer maker Wooha Brewing Co out of administration.
Scotland-based Wooha went into administration in March as pressures related to the closure of the off-trade due to the coronavirus pandemic caused “unsustainable cash flow problems”, according to administrator FRP.
The deal, which is for an undisclosed sum, adds to the portfolio run by Scottish beer veteran Kenny Webster under the banner of North Coast Brewing Co, which includes Isle of Skye Brewing Co and Black Wolf Brewery and houses several artisan beer brands and links with key trade, wholesale and export markets.
We also continue to see the sad realities of Brexit for individual companies. The impact of the UK’s hard Brexit was highlighted when it was announced last Friday that fast-growing Morayshire artisan craft beer firm WooHa Brewing had fallen into administration. Joint administrator Iain Fraser, partner with FRP, said: “WooHa Brewing Company is a high-profile craft brewing business with a substantial and growing trade and consumer client base. The business had grown rapidly in recent years, was well financed, and had a clear strategy and positioning in a crowded market. The business has unfortunately been severely affected by a combination of Covid, the contraction of its main markets and the bureaucracy of Brexit.”