Føroya Bjór acquires Okkara brewery

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

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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