Beer Infinity Beer, Brewing & Beyond
| Yesterday morning, Mike Stevens and Dave Engbers announced that they would be selling 30% of their brewery, Founders, to the Spanish brewer Mahou. The reason:
With Mahou San Miguel at the table, Founders Brewing Co. gets a partner with access to consumers on five continents and a chance to pay off investors who have helped finance the brewery’s rapid expansion…. Founders is No. 26 and climbing on the Brewers Association list of the nation’s largest craft brewers. It is also in the middle of a $40 million expansion that, when completed, will allow to make 900,000 barrels of beer annually. The news came out on the same day I saw a nice article in the Minneapolis Star Tribune about another large Midwest expansion: When it hits full production, Surly’s new complex will fill more than 100,000 barrels annually — half of Summit Brewing’s capacity in St. Paul, but triple the capacity of the original Surly complex in Brooklyn Center and way more than any other brewery in town…. The fi … |
Source: Beervana
Read the full article here.
