Langley-2

Gage Road Brewing Co acquires Matso’s Broome Brewery

Langley & Co Advisors (formerly Gaetjens Langley) is pleased to advise that Gage Roads Brewing Co Limited (ASX:GRB) agreed to acquire Matso’s Broome Brewery from its founders, the Peirson-Jones Family.

Langley & Co Advisors’ Director Advisory, Mike Calneggia, the lead advisor on the sell side said

“Matso’s and Gage Roads have had a longstanding and mutually beneficial relationship for more than a decade.  We are pleased to have assisted the Peirson-Jones family to reach an agreement with Gage Roads, an independent brewery that has the access to capital, strength of people and the expertise behind it to help the Matso’s brand reach its full potential.  It was also important for the family that Matso’s stayed in Western Australian hands.  Given that Matso’s and Gage Roads are both proud Western Australian businesses, it was a natural fit.”

The transaction is subject to the normal conditions precedent which includes a capital raising by GRB that is currently underway post the company entering a trading halt at this announcement.  Settlement of the transaction is expected at the end of June subject to regulatory approvals.

Please click HERE for information on the acquisition and capital raising by Gage Roads Brewing Co.

For further information, please contact:

Mike Calneggia
+61 419 963 474
mcalneggia@langleyandco.com.au

Toby Langley
+61 411 029 844
tlangley@langleyandco.com.au