Deal to save Oakleaf Brewery is agreed

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

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

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

Now 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.

But it will stay in its current location in Clarence Wharf Industrial Estate and the four members of staff are set to continue their roles working for the company.

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

‘There was quite a lot of interest and we had around 15 to 20 businesses enquiring, which 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 the hostelry has been reopened by someone else.

Matt Curd is set to manage Fallen Acorn on behalf of Just Develop It and is excited about the challenge ahead.

He said: ‘I saw the brewery had gone into administration and thought it would be a good idea for us to invest as I’m a big real ale fan.

‘We’re delighted that everyone is keeping their jobs as they’ve played a massive part in getting Oakleaf off the ground and we have a lot of plans for Fallen Acorn.’

Deric Payne, chairman of Southern Hampshire Camra, said: ‘It’s 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 and good news that it is staying in the local area.’

Oakleaf’s beer Hole Hearted was reportedly named after the Hole In The Wall pub in Southsea.

Landlord Jon McKerracher said: ‘It is great news and we’ll be looking to get Hole Hearted in as soon as possible as we have been selling a lot of locally made beers recently.’

Councillor Rob Hylands, who runs The Forester pub, said: ‘It is really good news but it doesn’t come as a big surprise.

‘There are a lot of our regulars who like their Oakleaf and they’ll obviously be very pleased.

‘Oakleaf is an award-winning brewery who produce some excellent beer.’