A BREWERY has been saved from administration to secure more than 40 jobs, just in time for Christmas.

The Black Sheep Brewery has purchased the York Brewery after it became insolvent on December 13, together with its parent company, Mitchell’s of Lancaster.

Black Sheep acquired the £2.1m-turnover York Brewery and brands as well as four outlets in the business as part of the deal, for an undisclosed sum.

The pubs include the Last Drop Inn, The Tap Room and The Three-Legged Mare, all in York.

Andy Slee, chairman of The Black Sheep Brewery, said: “This acquisition fits perfectly with our strategy of developing our presence in our Yorkshire heartland and owning pubs.

“Entering administration was worrying for the team at York Brewery, but our deal offers some comfort that its successful brand can be maintained, and the pubs can continue to operate.

"York Brewery complements our strong brands and by acting quickly we have been able to provide a good outcome for both organisations.”

The acquisition, agreed by administrators Steven Muncaster and Sarah Bell, of Duff and Phelps Ltd, builds on a strong year for Black Sheep, which returned to profit in 2018.

Based in Masham, in the heart of North Yorkshire, Black Sheep brewed its first beer in 1992 after being built up by Paul Theakston, whose family had brewed in the area for six generations.

Mr Muncaster, Duff and Phelps managing director, added: “Despite being a popular destination for both locals and tourists, York Brewery unfortunately continued to face cashflow pressures, ultimately resulting in it being placed into administration.

"However, we’re delighted to have secured a sale for York Brewery, which is especially pleasing so close to Christmas.”