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Spanish brewer Mahou Group acquires majority stake in Founders Brewing

Sep 3, 2019Sep 27, 2019 Editor

USA – Spanish brewery Mahou-San Miguel Group has increased its stake in Michigan-based craft beer maker Founders Brewing to 90%. Mahoau already controlled a 30% stake in the fast-growing craft brewery following transaction in 2014 when the Madrid headquartered brewer invested US$96 million in the All Day IPA and Breakfast Stout brands owner. Following the latest transaction, Mike Stevens and Dave Engbers, pioneers of the Founders Brewing, will remain as shareholders and continue to lead its management team. The deal is expected to close in January 2020. The deal is…

Marston seals a five-year deal with US craft brewer Founders Brewing Company

Jun 26, 2018 Editor

USA – Marston’s, the British brewery and pub operator, has sealed a new five-year distribution deal with US craft brewer Founders Brewing Co., after a US$72.8 million acquisition of brewery and pub operator Charles Wells in May 2017. Established in 1997, Founders Brewing Co., based in Grand Rapids, Michigan, is the 16th largest brewery in the US. Since the introduction of its All Day IPA in 2012, sales in 2017 grew by 50.3%. According to the company, in the last 12 months, it has increased sales of Founders All Day…