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The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
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Powder Monkey Brewing Group acquires Goddards

Goddards, the oldest brewery on the Isle of Wight and one of the UK’s first independent craft beer producers, has been acquired by fellow Hampshire business Powder Monkey Brewing Group.

The brand started out at Barnsley Farm near Ryde in 1993, but in 2023 moved to a bespoke £2.8 million facility in Arreton complete with restaurant.

Powder Monkey – a relatively new business – also counts Australian breweries Willie the Boatman and Southern Highlands Brewing Co. among its growing global portfolio.

“We opened our facilities in Priddy’s Hard, Gosport in 2021,” said Andy Burdon, CEO of Powder Monkey.

“Since then, Powder Monkey beer has been flowing in the tap house and at events, and our award-winning beers are available in can and keg for a wide range of stockists.”

“We’re delighted that Goddards is now part of the group.

“It adds cask and bottled beer to our portfolio, as well as the heritage associated with the brand.”

Anthony Goddard, who established Goddards alongside wife Alix, added: “We’re delighted to join the family of coastal breweries in the Powder Monkey Group portfolio, where we join strong brands with equally strong heritages.

“Since our modest start, we’ve brewed about 13.5 million pints of Goddards beer over 32 years.”

Powder Monkey Group now oversees four brewing facilities and three hospitality outfits between the UK and Australia.

Mike McGeever, group chair, said he was “absolutely delighted to welcome Anthony and the team at Goddards to the Powder Monkey Group.

“This acquisition complements the current UK offering and sufficiently enhances the group’s capacity and capability.

“Hampshire and the Isle of Wight are very much aligned.”

Powder Monkey also recently became a corporate partner of Hampshire Fare, the member organisation for food and drink producers and suppliers in the South.

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Goddards Brewery
has been acquired by
Powder Monkey Brewing Group
January 2025
UNDISCLOSED
iplicit
has received investment from
One Peak
January 2025
£25m
who's behind the deal?
Lee Marley Brickwork
has received an eight-figure funding package from
HSBC UK
January 2025
UNDISCLOSED
who's behind the deal?
Stark Software International
has sold a minority stake to
Macquarie
January 2025
UNDISCLOSED
who's behind the deal?

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