Mordue Brewery assets to be sold at auction
The brew kit of Mordue Brewery, the multi award-winning, North East cask ale brewer is to be sold by auction. After 24 years of recent trade from its Tyneside base, and a history that can be traced back to the 19th Century, Mordue ceased brewing on 6th June immediately Administrators were appointed.
Administrator, Jeremy Bleazard of XL Business Solutions, commented “Having been at the forefront of brewing for close to 25 years over which time a strong, well respected and lauded brand presence has been created the recent boom in craft beer has created a crowded, highly competitive, marketplace.” He added “The Directors, Garry and Matt Fawson, have worked hard to sustain the business but ultimately, in its current guise, this hasn’t proved possible. I have instructed agents to sell the brewery assets by auction and to market and sell the brands/brews independently. If, during this period, a compelling and proceedable offer was put forward to resurrect the business as whole then my agents will react accordingly.”
Howard Eastwood, Director of Walker Singleton, who are acting as agents commented “since knowledge of the closure entered the industry, we have had over 20 expressions of interest. Whilst it may prove impossible to resurrect to brewery it is hoped the brands and brews, which include many iconic and intellectually protected names – Workie Ticket, Radgie Gadgie and Northumbria Blonde to name a few, will live on. These sit alongside the development project Panda Frog which was drawing emerging recognition. In a World where brand recognition is pivotal, these award-winning brews, provide a buyer with an instantly recognisable and established marketplace.” He added “marketing of the brew kit has begun and the auction, which is available online, closes on 4th July. All the fixed assets of the business are to be sold which, additional to the main brew kit, extend to event bars, forklift truck and administration.”
The auction is accessible at www.walkersingleton.co.uk