Molson Coors is closing Sharp’s in Cornwall.

The closure of the brewery, which it acquired in 2011, will result in the loss of 50 jobs at its Cornwall site and 150 elsewhere.

Simon Kerry, Molson Coors UK and Ireland MD, said: “The proposed closure of Sharp’s brewery has not been an easy decision for us to make. It has been a significant part of our UK business for 15 years, with an exceptional and committed team which takes such huge pride in their craft.

 “We have invested significantly in the site and the Sharp’s brands over that time and have taken every step we can to try and avoid this outcome. However, the site is no longer financially sustainable as part of our national production network.”

With almost 90 per cent of Molson Coors on-trade customer orders now being placed through its e-commerce site, the company is also proposing to close its UK National Contact Centre in Cardiff by the end of 2026.

Kerry added: “As a brewer with more than 200 years of experience, we understand that long-term success requires decisive action in response to market evolution.

“These proposals are founded on building on our strong foundations and reshaping our business for growth.

“By making difficult choices now, we can unlock greater opportunities to invest in our business, our people and our brands to help us and our customers to grow sustainably and for the long term.

 “This is clearly a very difficult time for our colleagues, and we will be doing everything we can to support our teams through this process.”