Føroya Bjór acquires Okkara brewery

Føroya Bjór acquires Okkara brewery
Føroya Bjór has regained its monopoly in the local beer market after its acquisition of Okkara
 
20.06.2020 - 08:36

Okkara brewery made Føroya Bjór an offer they couldn’t refuse, writes Klaksvík-based newspaper Norðlýsið.

This resulted in Føroya Bjór this week taking over the Velbastaður-based Okkara firm for an undisclosed sum.

Okkara was founded in 2009, but despite a warm reception from Faroese consumers, the company never turned a profit.

”Okkara will continue its operations independently with the same staff and only some minor management changes,” says Føroya Bjór CEO Einar Waag.

 

Translated by prosa.fo

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