Following Sherwood's death in 1874, the family offered the Swan Brewery for lease. The lease was taken up by the partnership of John Maxwell Ferguson and William Mumme, who appreciated the value of its pure water supply. In 1879 the Swan Brewery was moved to a site at the foot of Mount Eliza not far from the Stanley Brewery and another new brewery, the Lion Brewery. The former buildings continued to be used as a bottling plant. In 1886 the partnership between Ferguson and Mumme was dissolved and Mumme continued as part owner of the Swan Brewery. The Swan Brewery Company Ltd was incorporated in Melbourne in 1887.