Marketing

Wicklow Wolf expanding 15-fold

The Wicklow Wolf brewing company has struck a €2 million deal with Halo Business Angel Network to open a new, larger brewing site in Wicklow, enabling a 15-fold increase in the brewery’s production capacity.

HBAN’s Food Syndicate is one of the leading stakeholders in the deal which is also supported by Enterprise Ireland and a number of private investors. HBAN, an all-island organisation responsible for the promotion of business investment, is a joint initiative of InterTradeIreland.

The HBAN Food Syndicate contributed €722,000 to the deal, the Food Syndicate’s second investment in Wicklow Wolf in just 18 months, bringing the total investment to over €800,000.

The investment will support the brewery’s plans to expand domestically and internationally. Over the next five years, it will increase its staff by 20.

Ireland’s burgeoning craft beer industry is expected to see turnover hit €60 million this year – up 50% on last year’s figure.

 

 

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