Lagunitas Sells Second Half of Stake to Heineken

by Alexander Frane on May 17, 2017 in Beer

Lagunitas Brewing has announced that it will be selling the last 50% of its stake to Heineken International, The Chicago Tribune reports. The California and Chicago based brewery had sold its first half of stake to Heineken in early 2015, but will now be selling the rest, making it fully owned by the Dutch beer company. The move was prompted by a desire to “...accelerate growth and opportunities for Lagunitas,” founder and executive chairman Tony Magee told the Tribune.

Heineken is currently the second largest beer company in the world after AB InBev acquired SAB Miller in 2015. Large breweries buying up smaller ones is a common story these days, and it’s little surprise that Lagunitas would end up selling the full stake after it sold the first half. In a Tumblr post, Magee wrote, “Some who don’t fully understand it all may say it is selling out. Truth is that we did then, and are now ‘buying in’… Money has value and equity has value too. I am using Lagunitas’ equity to buy deeper into an organization that will help us go farther more quickly than we could have on our own.” Magee will be staying with the company, moving from his position as executive chairman to global craft director for Heineken.

The original sale of stake was set to roughly $500 million, but the price on this most recent sale has to yet to be announced.

Photo via Flickr user amseaman

Recent Articles
spacer

Feedback

How are we doing? Tell us what you like or don't like and how we can improve. We would love to hear your thoughts!

*Name:
*E-mail:
*Suggestions:
 
Gin Pong is Here to Class Up Your Next Soiree

Gin Pong is Here to Class Up Your Next Soiree

Gin pong is here, just in time for the holidays....read more ›

by Jessie Donofrio Oct 17, 2017
Applebees Employee's Video Shows Crappy $1 Margaritas Even Crappier Than You Thought

Applebees Employee's Video Shows Crappy $1 Margaritas Even Crappier Than You Thought

Applebee's is offering a $1 margarita throughout the entirety of October at any of their participating restaur...read more ›

by Ryan Hudak Oct 13, 2017
California Wildfires Burn 150,000 Acres, Majorly Affecting Vineyards Throughout Wine Country

California Wildfires Burn 150,000 Acres, Majorly Affecting Vineyards Throughout Wine Country

Wildfires have swept through Napa and Sonoma counties, killing 15 and putting the livelihood of wine country a...read more ›

by The Drink Nation Oct 10, 2017
SPONSORED
Where to Find Late Night Happy Hours in New York City

Where to Find Late Night Happy Hours in New York City

Everyone loves happy hour, but between work and the rest of your life, sometimes you just can't make it there between the hours of 5 and 7 PM. Luckily...read more ›

by Kerry Jepsen Oct 10, 2017
The Best and Booziest of Brooklyn Heights and Downtown Brooklyn

The Best and Booziest of Brooklyn Heights and Downtown Brooklyn

With fall arriving and winter in tow, it’s time to check out some of the best spots in Downtown Brooklyn to spend those cool afternoons and evenings...read more ›

by Sonie Guseh Oct 10, 2017
Johnnie Walker Is Selling a Blade Runner 2049 Scotch

Johnnie Walker Is Selling a Blade Runner 2049 Scotch

With the Blade Runner sequel in theaters now, Johnnie Walker has designed a blend to commemorate the film: Johnnie Walker Black The Director's Cut....read more ›

by Alexander Frane Oct 10, 2017
Sing Your Heart Out at These New York City Karaoke Bars

Sing Your Heart Out at These New York City Karaoke Bars

New York is a haven for karaoke bars where you and your friends can get together and show off what you've been practicing in the shower....read more ›

by Kerry Jepsen Oct 2, 2017
Oregon's Union Wine Co. Teams up with Wildfang Clothing to Benefit Planned Parenthood

Oregon's Union Wine Co. Teams up with Wildfang Clothing to Benefit Planned Parenthood

Oregon's Union Wine Co. and Wildfang Clothing are teaming up to raise money for Planned Parenthood with a new ...read more ›

by Alexander Frane Oct 2, 2017
Boozy Ice Cream is Here To Boost Your Buzz

Boozy Ice Cream is Here To Boost Your Buzz

A Maryland company, ArcticBuzz, has given us the gift of combining vodka and ice cream to create the ultimate boozy treat....read more ›

by Jessie Donofrio Oct 2, 2017
Celebrate Fall in Style with Flask Cocktails from Coopers' Craft

Celebrate Fall in Style with Flask Cocktails from Coopers' Craft

Spice up your autumnal drinking with coffee cocktails that fit perfectly in a flask made with Coopers' Craft Kentucky Bourbon, which pairs perfectly w...read more ›

by The Drink Nation Sep 29, 2017
SPONSORED
View all Articles

Sign up to get weekly drinking news, bar reviews, events and more sent directly to your inbox!

Close