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Brewer Tuatara snapped up by DB

NZ Newswire logoNZ Newswire 30/01/2017
File photo © Getty Images File photo

Paraparaumu-based brewer Tuatara has been sold to beer giant DB Breweries.

The craft beer maker, established in 2000, joins the likes of Emerson's and Panhead which have been acquired by Lion Breweries in recent times.

The winner of the supreme award at last year's Brewers Guild of New Zealand Beer Awards the brewery produce more than 2 million litres of beer last year.

While annual beer consumption in New Zealand has been declining, sales of craft beer have been rising in recent years as they grabbed more market share from the mass-produced brands.

Tuatara will continue to operate from its premises on the Kapiti Coast and its pilot brewery in Wellington.

"We're changing the shareholding, we're not changing the recipe," said founder and master brewers Carl Vasta.

"In order to take things to the next level we need assistance. That's why we've teamed up with DB. Now, I intend to get back to the brewing and step out of the business end."

DB said fans of Tuatara should not be concerned about the deal.

"We want to see Tuatara achieve its full potential, so we're not going to mess with a winning formula.

"We'll leave it to Tuatara to make great beer. We'll help get it to more people," said DB's managing director Andy Routley.

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