Cayman Distributors Group (CDG) and the Cayman Islands Brewery (CIB) are pleased to confirm that CDG is investing in the brewery.
“We believe that CDG’s involvement will benefit the business and its brands,” says Founder and Chairman of the CIB Board of Directors Stephen Webster. “Over the last decade we have built a truly special business and we hope this will take the company into the next phase of its growth. We are confident there is a very bright future for the brewery.”
Since its founding, the brewery has grown from a start-up to a major player in the local beer market. Located in Prospect, the brewery produces a range of core beer brands – including the popular Caybrew and award-winning White Tip Lager – in addition to an ever-changing roster of seasonal specialty brews.
Webster confirms the daily operations of the brewery will not be impacted and that the leadership team will remain unchanged.
“We see this investment both as affirmation of all we have achieved over the past 12 years and as a welcome opportunity for even further growth,” he says.
Chief Executive Officer of CDG Matthew Bishop says the brewery stands out for its commitment to the local community, sustainable manufacturing practices and high-quality products.
“The Cayman Islands Brewery can be extremely proud of what they’ve achieved,” he says. “They’ve had to fight for every inch of market share against a host of well-established and well-funded, imported brands. The fact that Caybrew is now firmly entrenched as the national beer of the Cayman Islands is testament to the quality of their products, the dedication of their employees and of course, the loyalty of their customers.”
Bishop says he sees significant opportunities for future growth, both for the business and its brands.
“We aim to build on the success of the brewery and help the business to grow even further,” he says. “We see a huge amount of potential in this company and we look forward to being a part of its future.”