Akasha and Wayward Brewing, Powder Monkey , Expands Australasian Portfolio , Acquisition ,
LONDON: Powder Monkey Group LLC (JP Jenkins PMGL:JPJ) has reached a preliminary agreement to acquire the Australian businesses of Akasha and Wayward Brewing, including selected assets and retail operations, the company announced.
The deal will integrate the two renowned craft beer brands into Powder Monkey’s growing Australasian portfolio, which already includes Southern Highlands Brewing, Powder Monkey, and Willie the Boatman. The acquisition will consolidate staff, management, and brewing assets into a centralized facility in Five Dock, New South Wales.
This move follows Powder Monkey Group’s recent acquisitions of Goddards and Castle Eden Breweries in the United Kingdom and precedes the planned October opening of the Powder Monkey Taphouse in Camden, NSW. The transaction is expected to close within the next month.
With hospitality interests spanning the UK and Australia, Powder Monkey Group now operates eight brewing facilities and venues. The company supplies beer across mainland Europe, the Asia-Pacific region, and the UK, and continues to pursue growth through strategic partnerships and acquisitions.
Shares in Powder Monkey Group are available for trading on the JP Jenkins platform, which specializes in unlisted and unquoted company equities, or directly from the company. JP Jenkins, a trading name of InfinitX Limited, operates as an appointed representative of Prosper Capital LLP, facilitating matched-bargain share transactions.
The expansion underscores Powder Monkey Group’s aggressive growth strategy in the competitive craft beer market, leveraging both organic development and targeted acquisitions.