Last week, Founders brewery filed documents with the Michigan Liquor Control Commission revealing that Spain's Best Beer Inc. will acquire a majority stake in the Grand Rapids-based company. Spain's Best Beer Inc. is an affiliate of Mahou San Miguel Group, a prominent brewing company from Spain. This deal is expected to be finalized in January 2020, and it will result in Mahou San Miguel owning a 90% stake in Founders brewery.
Interestingly, Mahou San Miguel had already purchased a 30% stake in Founders back in December 2014. This initial investment showcased Mahou San Miguel's interest in the American craft beer market and their confidence in Founders as a successful and innovative brewery.
As an expert sommelier and brewer, I have followed the craft beer industry closely, and I can say that this acquisition is not uncommon in the current market. Craft breweries have been attracting attention from larger brewing companies as they strive to tap into the growing popularity and consumer demand for unique and flavorful beers. Many craft breweries have chosen to partner with or sell to larger companies in order to expand their distribution reach, access greater resources, and ensure long-term sustainability.
Founders brewery, known for their exceptional beers such as the highly acclaimed KBS (Kentucky Breakfast Stout) and All Day IPA, has built a strong reputation in the craft beer community. This acquisition by Mahou San Miguel indicates their recognition of Founders' success and the potential for further growth.
While some craft beer enthusiasts may express concerns about the impact of such acquisitions on the quality and creativity of the beers produced, it is important to note that many breweries have maintained their independence and continued to produce outstanding beers even after being acquired. The investment and support from larger brewing companies can provide craft breweries with the financial stability and resources needed to expand their production capabilities and reach more consumers while still maintaining their core values and commitment to quality.
In my personal experience, I have witnessed several craft breweries that have successfully navigated the acquisition process while staying true to their craft and maintaining the excellence of their beers. These breweries have used the partnership to their advantage, leveraging the expertise and resources of the larger company while preserving their unique identity and brewing techniques.
It is worth noting that the craft beer industry is dynamic and constantly evolving. While some purists may lament the loss of independent breweries, it is important to recognize that these acquisitions can also bring positive changes. They can provide opportunities for collaboration, innovation, and the sharing of knowledge and expertise between different brewing cultures.
Founders brewery has sold a majority stake to Spain's Best Beer Inc., an affiliate of Mahou San Miguel Group. This acquisition reflects the ongoing trend of larger brewing companies investing in craft breweries to tap into the growing craft beer market. While concerns about the impact on the craft beer industry are valid, there have been successful examples of breweries maintaining their independence and producing exceptional beers even after being acquired. Only time will tell how this acquisition will shape the future of Founders brewery, but it presents an opportunity for growth and collaboration in the ever-evolving craft beer landscape.