As part of the agreement between the two companies, founder Logan Plant will step down as CEO and take on a new advisory role, with Jochen Van Esch, taking on the new managing director role.
Heineken UK bought a minority share in Beavertown in 2018, and since then has invested in developing a new brewery in north London. Beavertown will continue to be operated as a separate entity with its own functional teams including sales, marketing, brewing and wider existing teams.
“Beavertown began in my kitchen, 10 years ago. From brewing in a rice pan to one of the most successful British brewers in recent years, employing over 160 people and brewing 360,000 hectolitres of beer,” says Plant.
“Its success is something I could never have predicted back then, and I am extremely proud that we have agreed the deal with Heineken UK, which is the natural next step for Beavertown, its brands, and most importantly, its people.”
Van Esch has worked for Heineken for more than 20 years, and has been at its UK arm since 2014, when he began as Brewery operations director.
“I’ve worked closely alongside Logan and the team for five years now, during which the new brewery has been built, we’ve opened the first Beavertown pub, and the brand has become one of the most popular super premium beers in the country,” he says.
The new ownership structure will allow the brand to grow significantly, the company says.