Dutch brewing company Heineken NV (HEIN.AS) has bought a 50 percent stake in U.S.-based beer maker Lagunitas Brewing Co to expand into the growing craft beer industry.
Lagunitas, whose brands include the popular India pale ale Lagunitas IPA and pale wheat ale Little Sumpin’ Sumpin’, is considered to be one of the best-known and fastest-growing craft beer makers in the United States.
Financial terms of the deal were not disclosed.
Deals of this magnitude aren’t new to the industry–just earlier this year, California craft brewery Firestone Walker Brewing Company announced its merger with Flemish-family owned brewery Duvel Moortgat.
Private equity firm Fireman Capital Partners purchased a majority stake in Oskar Blues Brewery, maker of Dale’s Pale Ale, back in May.
Reports are that Heineken said Lagunitas will continue to be led by Tony Magee, its founder and executive chairman, and will continue to operate as an independent entity.
Lagunitas, whose brands include the popular India pale ale Lagunitas IPA and pale wheat ale Little Sumpin’ Sumpin’, is considered to be one of the best-known and fastest-growing craft beer makers in the United States.
Financial terms of the deal were not disclosed.
Deals of this magnitude aren’t new to the industry–just earlier this year, California craft brewery Firestone Walker Brewing Company announced its merger with Flemish-family owned brewery Duvel Moortgat.
Private equity firm Fireman Capital Partners purchased a majority stake in Oskar Blues Brewery, maker of Dale’s Pale Ale, back in May.
Reports are that Heineken said Lagunitas will continue to be led by Tony Magee, its founder and executive chairman, and will continue to operate as an independent entity.
