Adnams PLC, the Southwold-based brewery, revealed at its recent Annual General Meeting (AGM) that it is currently evaluating offers to bolster its business, while also welcoming new CEO Jenny Hanlon.
Strategic Focus on Low and No Alcohol Market
The brewery outlined its initiatives to expand distribution in the low and no alcohol segment and increase its presence in the English whisky market. These steps aim to “accelerate its position” and broaden the brewery’s market reach.
Navigating Challenging Conditions
Hanlon, who succeeded Andy Wood as CEO on July 1, acknowledged the challenging market conditions but emphasized Adnams’ need to leverage its unique strengths for sustainable growth. She highlighted the company’s well-invested asset base, which includes the brewery, distribution center, and pubs, along with a dedicated team possessing decades of expertise in brewing, distilling, and hospitality.
Unlocking Potential Through Financing
During the AGM, Adnams discussed the necessity of securing financing to realize its business potential. Hanlon elaborated on the plans, stating that additional capital would help reduce the company’s debt and interest costs while funding its next growth phase. The goal is to transform Adnams into a profitable, brand-led, sales-focused organization that delights customers with its diverse range of drinks and experiences, supporting its people, communities, and environment with a values-based approach.
Evaluation of Offers for Long-term Value
As part of its funding process, the Adnams board is evaluating offers based on an agreed framework to determine the best long-term value for the company and its shareholders. The company expects to present its recommendations to shareholders for approval later in the summer.
Gratitude Amid Challenges
A spokesperson for Adnams expressed gratitude to customers, team members, and shareholders for their loyalty during challenging times. They emphasized the importance of the AGM as a platform for stakeholders to express their views, stating, “We welcome and respect that.”
A New Era Under Hanlon’s Leadership
With Hanlon’s appointment as CEO, Adnams is poised to enter a new era focused on driving revenue growth and ensuring the brand continues to innovate. The company aims to appeal to customers through its unique products and experiences.
Adnams has a track record of overcoming industry challenges and is now strategically positioning itself for future success with a clear focus on innovation, expansion, and sustainable growth.
