The Australian Hotel and Brewery has become the latest craft brewery to sell to the Redcape Hotel Group.
Redcape purchased the Australian Hotel and Brewery in Rouse Hill for a reported $50 million. The deal includes the Australian Brewery brand.
Founder and CEO of the Australian Brewery Marcello Colosimo says his family is very proud of the Australian Hotel and Brewery.
“It is has developed into a wonderful community asset that will continue to service the hills district under the guidance and care of Redcape.”
“We are excited to maintain an interest in the Brewery and anticipate the beer to only improve with the resources and depth of Redcape’s distribution and skillset.”
“The team we have built up will continue to innovate and produce great product for all our current customers both in the domestic and international markets.”
“Mixed emotions for sure from a personal point of view, but as a company, Momento has some exciting projects in the pipeline with the opening of the Governor next week and two new venues next year.”
The Redcape Hotel Group Pty Ltd was acquired by financial services group Moelis Australia for $677 million in July last year, and is one of Australia’s largest pub and hotel operators. Redcape now has a hotel portfolio approaching $1 billion.