USA: MillerCoors acquires majority interest in Saint Archer Brewing
MillerCoors, through its craft and import division Tenth and Blake, has announced that it has entered into an agreement to acquire a majority interest in Californian craft brewer Saint Archer Brewing.
Founded in San Diego in 2013, Saint Archer brews an array of ales including Blonde Ale, IPA, White Ale and Pale Ale. The company expects to sell 35,000 barrels of beer in 2015, up more than 100% over 2014.
“We have always wanted to get great beer into more people’s hands”, said Josh Landan, Saint Archer co-founder and president. “We were fortunate that brewers big and small were interested in partnering with us, but Tenth and Blake was the clear choice. Tenth and Blake shares our passion for putting great beer first. Joining Tenth and Blake allows us to keep doing what we love right here in San Diego, but now with more resources to innovate and grow. With Tenth and Blake’s help, we hope to one day be a national brand”.
“We’re really excited about our partnership with Saint Archer”, added Scott Whitley, president and CEO of Tenth and Blake. “Saint Archer is consistent with our strategy of building our high-end portfolio while driving topline growth. Josh and his team represent everything we look for in a partner. Saint Archer brews award-winning ales across a variety of styles that are complementary to our current portfolio—including some outstanding IPAs. We’re excited at the prospect of working together to support the continued success of Saint Archer”.
Saint Archer Brewing joins other craft brewers in the Tenth and Blake portfolio, including Blue Moon Brewing Company, Jacob Leinenkugel Brewing Company, Crispin Cider Company and a minority equity stake in Terrapin Beer Company.
MillerCoors is a joint venture between SABMiller and Molson Coors.