Theakston Brewery company acquired and closed down the Lightfoot Brewery, also in Masham. Theakston's expanded into Cumbria in 1974 buying the Carlisle State Management Brewery. The brewery had been owned and operated by the government since 1916. However, the site was a financial drain on Theakston's and led to the company being taken over in 1984 by Blackburn based brewer, Matthew Brown plc. Matthew Brown was itself taken over by Scottish & Newcastle in 1987. Paul Theakston (Managing Director since 1968) left Theakston's in 1988, and in 1992 established the Black Sheep Brewery in the old Lightfoot Brewery premises - located adjacent
Camden Town Brewery that they have shared a combined payout of more than £80m." James Watt, the founder of the BrewDog craft beer company, said that they would cease selling Camden Town products in its bars, "because it does not sell drinks made by AB InBev". Camden Town Brewery is currently building a new brewery in Enfield by the banks of the River Lee, 12 miles north of their Kentish Town brewery. Set for completion in Spring 2017, the new brewery will allow production to move to Enfield while the current branch at Wilkin Street Mews is renovated into a pilot brewery. Camden