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Avery Brewing has announced an expanded partnership Mahou San Miguel. The Madrid, Spain brewing company now has a 70% stake in Avery. In November 2017 Mahou took a minority stake in Avery after brewery founder Adam Avery and his father had been searching for the right strategic partner.
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The deal comes after Mahou San Miguel and Founders together purchased a 40% stake in craft beer maker Avery Brewing earlier this year. Share with your network: Tags: beer craft beer Founders.
Boulder, Colo.’s Avery Brewing Co. announced today that Spanish-based brewing company Mahou San Miguel bought a minority stake in the famous American craft brewery. The press release below is not stating how much, but Brewbound.com is reporting a 30 percent stake, which is the same number it invested in Founders Brewing Co. back in 2014.
Spanish beer market leader Mahou San Miguel has snapped up a 30% stake in Avery Brewing Co. from Boulder, Colorado.In a press release from tuesday eduardo petrossi, CEO, Mahou San Miguel said:"This operation strengthens us as the driving Spanish brewer behind the craft sector and will reinforce our positioning in the United States".
Justin Kendall Aug. 29, 2019 at 2:49 PMSpanish brewer Mahou San Miguel has reached a deal to acquire a majority stake in Michigan’s Founders Brewing Co., according to a report by MiBiz.com.Mahou already owned 30% of the fast-growing Grand Rapids-based craft brewery following a 2014 transaction valued at more than $96 million.
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Grand rapids-based founders brewing, the 14th largest brewery in the U.S. as of 2018, filed documents with the Michigan Liquor Control Commission last week indicating that Spain’s Best Beer Inc., an affiliate of Madrid-based Mahou-San Miguel Group, will hold a 90-percent stake in the company.
Through this operation Mahou San Miguel has acquired a 30% stake in the American company, which will allow the firms together to lead innovation in brewing trends worldwide. Founders Brewing Co. was established in 1997 in Grand Rapids, Michigan, by a group of entrepreneurs who currently sell their beer in 32 states.
– Mahou San Miguel has taken another step in its internationalisation strategy and its positioning as the driving Spanish brewer behind the craft sector, with the signing of an agreement to acquire shares in Avery Brewing, one of the artisan beers with the greatest recent growth in the United States and a high potential for development.