Fresh off last week’s purchase of Georgia-based Terrapin Beer Company, MillerCoors, via its Tenth and Blake craft and import division, today announced it has acquired a majority stake in Oregon’s Hop Valley Brewing.

Specific financial terms were not disclosed and the transaction is expected to close in the third quarter of 2016.

In a conversation with Brewbound, Tenth and Blake CEO Scott Whitley said Hop Valley’s brands; its geographic location, and its leadership team drove MillerCoors’ interest in acquiring a majority interest in the company.

“This is the perfect example of a strategy we have been working to execute over the last year,” Whitley said. “What we look for first are complementary brands in our portfolio. Right now, we don’t have much in the way of hop-forward offerings to offer consumers.”…CLICK HERE TO READ THE FULL STORY AT BREWBOUND.COM