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August 29, 2019
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Mahou San Miguel Takes Majority Stake in Founders Brewing Co.

Justin Kendall

Mahou San Miguel Takes Majority Stake in Founders Brewing Co.

Spanish 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. The company will now hold 90% of Founders following the latest deal, which is expected to close in January.

Night Shift to Open $10 Million Brewery in Philadelphia, Expand Production in Everett

Justin Kendall

Night Shift to Open $10 Million Brewery in Philadelphia, Expand Production in Everett

Everett, Massachusetts-based Night Shift Brewing announced plans Wednesday to open a $10 million, 130,000 sq. ft. production production brewery in Philadelphia. Speaking to Brewbound, Night Shift co-founder Michael Oxton said the company is “committed” to opening the new brewery before the end of 2020. The Philadelphia project is being financed through a combination of cash flow and bank debt, he added.

Network with Industry Leaders & Explore Ways to Grow Your Brewery

Brewbound Live

Network with Industry Leaders & Explore Ways to Grow Your Brewery

Brewbound Live brings together professionals in the beer, cider, hard kombucha and FMB space for two days of forward-thinking discussions and networking focused on the evolving industry. Main stage presentations explore challenges facing brewery leaders, the latest retail and taproom data, and case studies on fast-growing brands. Meet with the industry this Dec. 4+5 in Santa Monica. Register early to gain access to the discounted hotel room block and save $200 per ticket.

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Craft Beer Newswire / Press Releases

Founders Brewing Co. to Release Canadian Breakfast Stout (CBS) for the Last Time

Karl Strauss Brewing Company Bottles Renowned Queen of Tarts Dark Sour Ale for the First Time

The Bronx Brewery to Release Das Bronx Oktoberfest

Pelican Brewing Company Adds India Pelican Ale to Core Lineup

Schlafly Beer Releases Gin Barrel Sour Gruit

 
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Spirits News / Press Releases

Actor Miles Teller Joins The Long Drink as Co-Owner

Central Standard Craft Distillery Launches Hard2O Still Vodka Water

Jameson Releases Two Limited Edition Caskmates

Kentucky Owl Launches Rye Batch #3

Azulana Sparkling Tequila Beverage Announces Launch

 
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