Deal to save Oakleaf Brewery is agreed

A deal has been struck to save one of the region's most popular breweries.

Tuesday, 13th September 2016, 11:55 am
Updated Tuesday, 4th October 2016, 2:01 pm

Oakleaf Brewery, based in Gosport, was forced into administration early last month after 16 years of being in business.

The brewery has been taken over by investment firm Just Develop It and will be renamed Fallen Acorn Brewing Co.

There were fears that the brewery could move out of Gosport. However, it will stay in its current location in Clarence Wharf Industrial Estate and all four members of staff are set to continue their roles working for the company.

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Steve Godwin, director of administrators Portland Business Support and Advice, said: ‘A deal was completed yesterday afternoon for Oakleaf Brewery to be taken over.

‘There was quite a lot of interest in the business and we had around 15-20 businesses enquiring, who we passed further details on to.

‘However, the offer was given by Just Develop It was the highest and will be renamed Fallen Oak Brewing Co.

‘The four employees who previously worked for Oakleaf will remain with the company at the same site.’

Oakleaf also ran The Florist pub, in Fratton, but Mr Godwin said drinking den has been reopened by someone else.

Deric Payne, chairman of Southern Hampshire CAMRA, said: ‘It is great news that a deal has been made for Oakleaf to stay running.

‘There was a fear that it would fold all together but the fact that it is isn’t is brilliant.

‘It is also good news that it is staying in the local area.’