Heineken to Acquire a Stake in Lagunitas

Another European brewery has agreed to acquire a stake in American craft brewery. This time, the European company is Heineken NV, and the American company is Lagunitas Brewing Company, the country’s fifth-largest craft brewery. The deal, under which Heineken will take a 50-percent stake in Lagunitas, will close by year’s end.

Tony Magee, Lagunitas’ founder, explained why he agreed to the acquisition. He cited his age (“55, going on 80”) and his desire to distribute Lagunitas world-wide with a partner he could trust. Magee stressed that he wouldn’t have sold an interest to either Anheuser-Busch InBev or Miller Coors, and that he had initiated talks with Heineken. He will also continue to head the company after the deal is completed.

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