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McMullens Brewery
McMullens is a regional brewery founded in 1827 in Hertford, England.
==History==
''McMullens'' was founded in 1827 in Railway Street, Hertford. As the business grew larger it moved first to Mill Bridge in 1832 and then to Old Cross in 1891. A modern brewhouse was built in 1984. In 2002, the business was valued at £176m. In the mid-2000s the company had a narrow escape from closure as the controlling family split between those shareholders who wanted to receive a reasonable dividend and those who wanted to reinvest annual profits into the company and keep dividends very low. David McMullen stepped down as Chairman following an unsuccessful attempted management buyout. A new independent Chairman, Charles Brims, produced a compromise whereby several non-brewing property investments were sold to release cash to appease the majority shareholders and a plan was launched to build a brand new, smaller brewhouse. The company decided to shed contract-brewing and take advantage of tax breaks by becoming a smaller brewer. As the new 'Whole Hop Brewery' (opened 2006) was much more compact than the 1984-built site the spare land was sold to Sainsbury's.
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