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Sapporo USA to Acquire American Craft Beer Brand Stone Brewing.

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MANews-(C)2009-2022

Japanese brewer Sapporo Brewing's Sapporo USA subsidiary has agreed to acquire US-based craft beer brand Stone Brewing, the company said.

Supporting both business' long-term growth strategies in the US market, the transaction is expected to close in August 2022.

Sapporo said it gains major, high-quality brewing capacity on both US coasts that will enable it to significantly increase production to meet the strong consumer demand of its Sapporo-branded beers for the domestic market.

Stone Brewing gains the resources of the largest Asian beer brand in America and its commitment to preserve Stone's legacy, culture and innovative approach to craft brewing.

Sapporo said it plans to produce its Sapporo-branded beers for US distribution in Stone's two state-of-the-art breweries, in Escondido, California and Richmond, Virginia.

Building on existing capabilities, and supported by planned capital investments, Sapporo intends to brew 360,000 barrels in the US by the end of 2024.

This will essentially double Stone Brewing's current production and provide ample opportunities for growth for both brands.

Under the agreement, Stone Brewing will continue to brew its celebrated craft beers at the two breweries, as well as operate its seven Tap Rooms and World Bistro and Gardens destinations with existing branding, management and workforce under the Sapporo umbrella.

Best known for its award-winning beers like Stone IPA, Stone Delicious IPA and Stone Buenaveza Salt and Lime Lager, Stone will continue to brew with the same recipes and passionate team as before.

Stone is the second acquisition in the growing craft...

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