#acquisition – PorchDrinking.com
Lupulin Brewing Company out of Big Lake, Minnesota announced on Thursday the acquisition of Hydra Beer Company in Sioux Falls, South Dakota. The move will create a second Lupulin taproom in the former Hydra space in Sioux Falls, right across the Minnesota border.
Sapporo Holdings Ltd, owners of the oldest beer brand in Japan, have announced they will purchase all equity interest of San Francisco’s Anchor Brewing Company on August 31, 2017 for $85 Million. The Sapporo Group’s decision to buy Anchor is based on a new “Global Business Expansion” policy to continue growth in the US and Southeast Asian markets. This is the second brewery acquired by Sapporo since the $400 million deal for Canada’s Sleeman Breweries in 2006.
Birds Fly South Ale Project announced on Tuesday that they will be hosting The Funk Collective Festival as an alternative to the Wicked Weed Funkatorium Invitational.
Diehard craft beer community followers weren’t the only ones shocked to learn of today’s Wicked Weed acquisition by Anheuser-Busch InBev. Jester King Brewery Founder Jeffery Stuffings shared his thoughts on today’s acquisition announcing that Jester King would no longer sell Wicked Weed products based on the principal that the world’s largest brewery conglomerate has actively pushed legislation to oppose the interest of Texas craft brewers.
Tristan asked the staff, what craft brewery would you be most disappointed to see sold to a third party and why? Also would it matter if it were sold to another craft centric brand, one of the big three, or a private equity group?