The sale is part of a strategic move to support growth across its brewery and managed pub division.
Following the disposal, the Hartlepool-based brewery continues to operate 47 pubs across the UK, including its flagship Head of Steam brand, in addition to its core brewing operation.
The 27 sold sites will remain as pubs under the ownership of FB Taverns, which intends to grow its business with a focus on wet-led community pubs.
Chris Soley, chief executive at Camerons Brewery, said: ‘‘The disposal of our tenanted pubs provides a strong platform for us to focus on investment for growth within both our brewing facility and managed pub estate. We are delighted to have completed the transaction with FB Taverns who are focussed on supporting the further development of community pubs.
"We wish the licensees all the best for the future and would like to thank them for their contributions while working with Camerons.’’
CBRE and Weightmans advised on the sale.