SAN FRANCISCO, approx. (WRIC) — The maker of America’s best-known Asian beer brand is acquiring one of America’s most popular craft beer brands.
Sapporo USA, the U.S. subsidiary of Japanese beer company Sapporo, announced the acquisition of Stone Brewing Company, a Southern California-based craft beer company with a brewery in Richmond. Sapporo says they intend to brew Sapporo-branded products at the Richmond plant.
“We approached Stone Brewing looking for a partner for our growth plans in the United States, 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 the largest brand in Asian beer in America to one of the most innovative and recognized craft beer brands in the world.It is a perfect fusion between East and West that is an ideal marriage for the long-term growth strategy from Sapporo in the United States.
Stone Brewing will continue to produce its own craft beers and operate its taps and restaurants under the “Sapporo umbrella”. Stone Distribution Co., the company’s distribution arm, will remain independent and continue to be involved in day-to-day operations.
“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.”