RWK Goodman advises Bevcraft Group on acquisition of Them That Can
RWK Goodman have advised Ireland-headquartered Bevcraft Group on its acquisition of UK competitor Them That Can.
Bevcraft Group has mobile canning, can distribution and decoration facilities in Ireland, the UK and the Netherlands. They are Europe’s largest mobile canner of craft beers, handling in excess of 50 million cans per annum and with UK facilities in Merseyside and Peterborough.
They acquired Them That Can, a UK mobile canning business with a mobile fleet, equipment and associated crews which will join Bevcraft’s UK offering.
In recent years Bevcraft Group have been achieving high growth across Europe. Bevcraft Group has recently been included in the Financial Times’ 1000 Fastest Growing Companies in Europe list, ranking as the 165th fasted growing company in Europe.
The RWK Goodman transaction team was led by Corporate partner James Worrall and included Freya Still (Corporate) and Tim Gofton (Employment). James commented: “We’re delighted to have worked with Bevcraft on their latest acquisition. We continue to see lots of UK inward investment and it’s great to see Bevcraft further enhance their offering to craft and artisan beverage producers in the UK.”
Darren Fenton, COO of the Bevcraft Group, said: “The UK craft beer market is one of the most vibrant and exciting in the world and for the last six years Them That Can has worked hard to create the UK’s leading mobile canning service.”
“Mobile canning is a visible activity and one which demands best practice and attention to detail. We have for years been investing in testing protocols, quality operating standards and maximum transparency across our network – values shared by Them That Can which we look forward to continuing and building upon.”
Ciarán Gorman, CFO of the Bevcraft Group, said: “Craft beer has come a long way since the first mobile canners popped up in the US a decade ago. Today there is a greater range of requirements than ever before as breweries try to right-size their packaging capabilities to the market.
“It is clear that there is no one-size-fits-all solution, which is why Bevcraft has focused on creating a complete menu of commitment-free solutions.
“Our job is to make mobile canning as convenient, cost-effective and flexible as possible for breweries as they scale from zero up towards a million units a year, and if the time comes to give in-house a go, we are there to deliver whatever elements they need, from can supply to support and training.”