SAN FRANCISCO–(BUSINESS WIRE)–June 24, 2022–
Sapporo USA, maker of America’s top-selling Asian beer brand, and Stone Brewing, one of America’s largest and most innovative craft beer brands, have reached an agreement for Sapporo USA to acquire Stone Brewing. Supporting both companies’ long-term growth strategies in the US market, the transaction is expected to close in August 2022.
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Sapporo USA to Acquire Stone Brewing (Photo: Business Wire)
This east-west acquisition unites the complementary strengths of Japanese artistry and innovation with the American craft brewing tradition in a fusion of cultures creating strength and growth potential for both brands. Sapporo is building substantial, high-quality brewing capacity on both US coasts, which will allow it to significantly increase production to meet strong consumer demand for its Sapporo-branded beers for the domestic market. Stone Brewing benefits from the resources of America’s largest Asian beer brand and its commitment to preserving Stone’s heritage, culture and innovative approach to craft brewing.
Sapporo intends to produce its Sapporo-branded beers for distribution in the United States at Stone’s two state-of-the-art breweries in Escondido, California and Richmond, Virginia. Building on existing capacity and supported by planned capital investments, Sapporo aims to brew 360,000 barrels in the United States by the end of 2024. This will essentially double Stone Brewing’s current production and provide many growth opportunities for both brands.
“We approached Stone Brewing looking for a partner for our US growth plans, and quickly recognized that they were an ideal partner with bi-coastal brewing capability, fans loyal customers, superb management, shared cultural values and a commitment to the highest quality standards,” said Kenny Sadai, President of Sapporo USA “This acquisition combines the resources and heritage of Asia’s leading beer brand in America to one of the world’s most innovative and recognized craft beer brands. It’s a perfect fusion of East and West that is an ideal match for Sapporo’s long-term growth strategy. in the USA.
Under the agreement, Stone Brewing will continue to brew its famous craft beers at both breweries, as well as operate its seven Tap Rooms and World Bistro & Gardens destinations with the existing brand, management and workforce. under the aegis of Sapporo. Best known for award-winning beers like Stone IPA, Stone Delicious IPA and Stone Buenaveza Salt & Lime Lager, Stone will continue to brew with the same recipes and passionate team as before.
“This is the next chapter for Stone Brewing,” said Greg Koch, co-founder and executive chairman of Stone Brewing. “For 26 years, our amazing team has worked tirelessly to brew beers that have set trends and redefined expectations. To have a company like Sapporo’s interest in continuing Stone’s story is a testament to the great beers we have created and will continue to create for our fans around the world.
“I am delighted that we have the opportunity to partner with Sapporo,” said Maria Stipp, CEO of Stone Brewing. “This unique partnership allows us to preserve the Stone legacy that our fans know and love and will add exponential growth opportunities, from production to further investment in people, equipment, sales and marketing.”
Stone is the second acquisition in the growing craft brewery segment of Sapporo USA’s business. Alongside Anchor Brewing Co., which was acquired in 2017, the acquisition continues the legacy of great brands united under the Sapporo banner. Anchor Brewing’s operations will remain unchanged.
Stone Distributing Co., Stone Brewing’s distribution business, is not part of the sale and will become an independent company under current ownership, retaining its current leadership of day-to-day operations. Stone Distributing is a leading distributor in the nation’s largest craft market and will continue to serve Southern California with a portfolio of 42 distinct craft brands, including Stone Brewing. As a separate entity from Stone Brewing, it will operate as it does today and with increased investment in its brands, people and future.
For more information, please visit: Stone Brewing and Sapporo Beer.
About Sapporo USA, Inc. Founded in 1876, Sapporo is Japan’s oldest beer brand still in operation and the top-selling Asian beer brand in the United States. Sapporo lagers have been enjoyed for almost half a century in America, with five varieties – SAPPORO PREMIUM, SAPPORO PREMIUM BLACK, SAPPORO RESERVE, SAPPORO PREMIUM LIGHT and the new SAPPORO PURE. Sapporo USA, Inc. (a subsidiary of Sapporo Brewing) was established in 1984 to oversee the brand’s production, distribution, sales and marketing in the United States. Sapporo beers are made from only the finest natural ingredients. The combination of barley and hops selected with extreme attention to quality gives Sapporo beers their crisp taste, refreshing flavor and smooth, refined bitterness.
About Stone Brewing
Founded by Greg Koch and Steve Wagner, San Diego-based Stone Brewing is the 9th largest craft brewery in the United States. Stone operates breweries in Escondido, California and Richmond, Virginia, as well as seven restaurants and bistros. Stone is an industry leader in environmental sustainability. The company’s long list of environmental efforts includes LEED Silver certification, world-class water reclamation, solar panels, creative uses for spent grain, and even live goats for ecological vegetation management. Stone has twice been named “the best brewery of all time on planet earth” by BeerAdvocate magazine. To find Stone beers, visit find.stonebrewing.com. For more information about Stone Brewing, visit stonebrewing.com, Facebook, Instagram or Twitter.
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Cell: 415.336.4949Stone Brewing
KEYWORD: CALIFORNIA UNITED STATES JAPAN NORTH AMERICA ASIA PACIFIC
SECTOR KEYWORD: RESTAURANT/FOOD BAR/DRINKS WINE & SPIRITS RETAIL SUPERMARKET
SOURCE: Stone Brewing
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PUBLISHED: 06/24/2022 02:05 AM/DISC: 06/24/2022 02:06 AM