THE DRINK NATION IS A FREE RESOURCE FOR FINDING EVERYTHING AWESOME ABOUT DRINKING IN YOUR LOCATION
The Drink Nation Home Bar Project Cover

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

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:
 
Pedialyte Has a New Product That Might Help Cure Your Next Hangover

Pedialyte Has a New Product That Might Help Cure Your Next Hangover

If you've been picking up Pedialyte at the corner store after a long night of drinking, you're not alone — a...read more ›

by The Drink Nation Jan 4, 2019
Amy Poehler Has Opened a Wine Store in Brooklyn

Amy Poehler Has Opened a Wine Store in Brooklyn

Amy Poehler has a new role - she has opened a wine store, Zula Wines & Spirits, in Brooklyn's Park Slope, according to Eater. ...read more ›

by The Drink Nation Dec 11, 2018
Red Spot Whiskey Has Returned after 50 Years Out of Production

Red Spot Whiskey Has Returned after 50 Years Out of Production

After 50 years out of production, Red Spot Whiskey has returned to join the Spot Whiskeys family once again....read more ›

by The Drink Nation Nov 26, 2018
SPONSORED
Drink Nation Store Rectangle
Miller High Life is Now Available in Champagne Bottles

Miller High Life is Now Available in Champagne Bottles

Miller High Life, commonly known as the 'Champagne of Beers,' is now available in actual champagne bottles for a limited run during the holiday season...read more ›

by The Drink Nation Nov 13, 2018
Jack Daniels is Making a Whiskey Advent Calendar For the Holiday Season

Jack Daniels is Making a Whiskey Advent Calendar For the Holiday Season

Jack Daniels has debuted a boozy advent calendar filled with, naturally, whiskey, just in time for the holiday...read more ›

by The Drink Nation Nov 13, 2018
Behind the Bar: Jason Wise, Director of the SOMM Documentary Film Series

Behind the Bar: Jason Wise, Director of the SOMM Documentary Film Series

For this installment of Behind the Bar, we spoke to Jason Wise, documentary filmmaker and director of the new ...read more ›

by The Drink Nation Oct 31, 2018
Beam Suntory Has Launched a Japanese Vodka & Gin

Beam Suntory Has Launched a Japanese Vodka & Gin

Beam Suntory, one of the largest producers of both American and Japanese whiskeys in the world, has introduced two new clear spirits to its lineup: Ha...read more ›

by The Drink Nation Oct 29, 2018
You Can Now Minor in Bourbon at This Kentucky University

You Can Now Minor in Bourbon at This Kentucky University

Thanks to the booming bourbon tourism industry in Kentucky, the state's Midway University now offers a minor in Bourbon Studies as part of their under...read more ›

by The Drink Nation Oct 29, 2018
You Can Make Your Own Whiskey at This Virginia Beach Hotel

You Can Make Your Own Whiskey at This Virginia Beach Hotel

If you've always wanted to make your own whiskey, you're in luck - a hotel in Virginia Beach is letting guests make their own barrels of whiskey....read more ›

by The Drink Nation Oct 15, 2018
Bono Has Purchased a Stake in a New Irish Whiskey Distillery

Bono Has Purchased a Stake in a New Irish Whiskey Distillery

Lots of celebrities have been partnering with distilleries lately, and now, U2's Bono is the latest star to form a partnership with a liquor company....read more ›

by The Drink Nation Oct 15, 2018
SPONSORED
View all Articles

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

Close