A spokeswoman said today: “We have had a long and harmonious trading relationship with our friends at Cobra Beer, but recently the overdue payments had mounted up and Cobra were unable to pay.
“We have now stopped brewing Cobra.”
She said the move would have “minimal impact” as Cobra beer was a very small proportion of its overall capacity. The beer has been brewed by Wells & Young since 1997 and was devised and developed by head brewer Jim Robertson.
Last week Cobra went into administration and was rescued by Molson Coors with a new joint venture called Cobra Beer Partnership. Cobra founder Karan Bilimoria has retained 49.9% of the business.
The Wells & Young's spokeswoman said: “We wish Cobra Beer all the best in the new company chaired by Lord Bilimoria, and we will now turn to our credit insurers for settlement of the debts.”