Theakston

In 1875 his sons Thomas and Robert constructed a new brewery on Paradise Fields, close to the original site, and the business has passed through six generations of the family since. The brewery was taken over in 1987 by Matthew Brown & Co Ltd before passing to Scottish & Newcastle. In 2003, Simon Theakston and three of his brothers purchased a majority shareholding back from Scottish & Newcastle, restoring independent family ownership.

Theakston is now ranked the sixteenth largest brewer in the United Kingdom by market share. The brewery produces cask and bottled ales, with eight permanent beers alongside a range of seasonal releases; an alcohol-free range is also available within the portfolio. It launched a cider in 2022, added an Irish stout to its portfolio in 2023, and introduced a new ale in February 2025. Bottled beers are distributed to supermarkets and exported internationally; the brewery restarted US exports in 2023. Theakston's ales are widely available in pubs across the north of England.

A notable feature of the Masham site is its in-house cooperage. Theakston employs one of the last remaining full-time brewery coopers in the country, making oak casks on site. The brewery became the inaugural title sponsor of the Old Peculier Crime Writing Festival in 2004, and Richard Bradbury serves as managing director.