Buggenhout, 1 July 2014 - Bosteels Brewery, known for Tripel Karmeliet and Kwak, is obtaining capital from the private equity company Waterland, with an eye on further sustainable development of its brewing activities.
The Bosteels family brewery has been brewing beer in the East Flanders municipality of Buggenhout since 1791. It has seen sales of its high-quality Kwak and Karmeliet beers grow steadily over recent years, both domestically and abroad. The company is renowned for its exceptional dedication to quality and authenticity. They operate worldwide and brew about 110,000 hectolitres annually.
The Bosteels Brewery wants to find a sustainable way to strengthen its current strategy and develop it further, driven by increasing interest in authentic, high-quality specialty beers. The strategy of Bosteels Brewery consists in essence of brewing top quality specialty beers or niche market products, with quality always taking precedence over quantity. In order to be able to improve its sustainable development strategy further in future, Bosteels has brought in Waterland as their financial partner. Waterland will provide Bosteels with additional financial resources and support the company in its further development. As part of that development, there will be investments in the short term in a new logistics distribution centre to reduce the traffic burden in the village centre, an extension to the brewery hall aiming to improve quality further and a new malt processing area and system, following the installation of a new wastewater purification system.
“You will find a good balance here between tradition, very demanding quality requirements, investments and science,” states managing director Antoine Bosteels. “What we can currently offer is less than the demand for our beer, but we only want to increase production capacity if we can do so without compromising on quality.”