General Business

Ireland’s Bevcraft Group Enters USA with Tripod Canning Acquisition

Bevcraft Group, Europe’s leading ‘craft can’ specialist, has completed the acquisition of the mobile canning business of Kenilworth-based Tripod Canning, LLC as part of a multi-million-dollar US investment program.

Tripod’s mobile fleet, equipment and crews will join Bevcraft USA in serving craft beverage producers and breweries across New Jersey, New York and Pennsylvania as well as Maryland, Delaware and Connecticut.

Bevcraft already provides mobile canning across Europe from bases in Ireland, Norway, the UK and the Netherlands as well as operating can decoration & digital printing plants, wholesale depots, static canning facilities and quality control labs.

The deal will build upon the job Tripod founder Jay Kurz and his team have accomplished in building a quality-led mobile canning business.

Darren Fenton, COO of the Bevcraft Group, commented, “Quality-led mobile canning has from the outset been at the heart of what we do at Bevcraft. We are delighted to welcome the Tripod team into our Group and to embark on the next chapter of growth in the USA.

“As a mobile canner Bevcraft USA is delighted to be based in New Jersey right in the middle of the New York – Philadelphia corridor and within easy reach of so many major cities along the East Coast.”

Bevcraft’s investment in New Jersey has been supported by Enterprise Ireland and Choose New Jersey. Commenting on this, Ciarán Gorman, CFO of the Bevcraft Group, said, “Ireland and the USA have an incredible shared history that to this very day includes our own close family ties across the USA including in New Jersey and New York.

“As part of this transaction, we have appointed Conor Bowden, an Irish-American from New York, as our US Commercial Director and we look forward to collaboration with our international teams in supporting the US operation.”

In preparation for the closing of this transaction Bevcraft’s senior leadership team met with the Irish Government Minister for Enterprise Simon Coveney and Enterprise Ireland in New York and also with Steve Lenox of Choose New Jersey who travelled to Mullingar, Ireland.

Bevcraft Group retained Chris Ball of RBK (Athlone, Ireland) for Corporate Finance requirements on this transaction and Michael Gattoni and Chris McHattie of the McHattie Law Firm for Legal Advisory.

Acquisition management and integration will be led by Conor Bowden and Henry Reilly who are part of Bevcraft’s senior management team. This is the third M&A deal completed by Bevcraft in the past 18 months

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