Molson Coors has bought Pardubicky Pivovar in the Czech Republic and Hop Stuff Brewery in the UK for an undisclosed sum.

The acquisitions form part of the company’s strategy to expand its beer portfolio.

Molson Coors acquired an 89% stake in 148-year-old brewer Pardubicky Pivovar through its subsidiary Staropramen.

The Pardubicky brewery, which produces brands such as Pernštejn, Taxis and Porter, will continue to operate as a different business entity.

The deal with Pardubicky also includes its Slovakian distribution company.

In a recent note to employees, Molson Coors Europe CEO Simon Cox and Molson Coors Europe Czech Republic, Slovakia and Hungary managing director Petr Kovarik said: “Our goal is to layer on a strong craft portfolio to our current portfolio of traditional brands such as Staropramen, giving us a scaled operation with an enriched portfolio of regional and new-wave craft brands and new capabilities built into our current business.”

Cox and Kovarik further explained that the company is planning to invest millions into the brewery to double production within a decade.

Hop Stuff Brewery, which was started in 2013, entered into administration last week. KPMG was appointed to oversee its sale.

Molson Coors’ acquisition of London-based craft brewer Hop Stuff Brewery also involves its three taprooms in the London metro.

As per the terms of the agreement, Molson Coors will retain all Hop Stuff Brewery employees.

Hop Stuff is engaged in the sale of draft and packaged beer. It focuses on varieties such as IPAs, pale ales and hazy beers.

Molson Coors UK and Ireland managing director Phil Whitehead said: “When we found out Hop Stuff Brewery was under threat, after meeting James and tasting these exceptional beers, we felt its beers and the ethos James had started were too good not to exist and would be a real asset to our business.”