Heineken taking 50 percent stake in craft brewer Lagunitas

SHARE Heineken taking 50 percent stake in craft brewer Lagunitas
LAGUNITAS_CST_041914_006_45793741_999x655.jpg

Lagunitas Brewing Co. filled and labeled its first bottles in Chicago in April 2014. | Sun-Times file photo

NEW YORK — Heineken is taking a 50 percent stake in California brewer Lagunitas, giving the Dutch brewer access to the growing craft beer market.

Lagunitas Craft Brewing Co. is the fifth-largest craft brewer in the U.S. by volume. Its beers include Lagunitas IPA, Hop Stoopid and Maximus.

It operates breweries in its home town of Petaluma, California, and in Chicago. It is building a third in Azusa, California.

Aside from the U.S., Lagunitas is sold in Canada, Sweden and Japan. The deal with Heineken will allow it to expand to more global markets.

Financial terms of the deal were not disclosed. The transaction is expected to close in the fourth quarter.

The Latest
La actriz argentina comparte sobre el filme que trae a la mesa el tema del encarcelamiento por posesión de marihuana con perspectiva humana
Woman is surprised and thrilled to be expecting but worries the news will be painful to some of her confidants.
Andrew McCarthy, a member of the tribe, hears from Demi Moore, Rob Lowe and other former co-stars stigmatized by a writer’s clever turn of phrase.
Luis Robert Jr. hit a game-tying pinch homer in the ninth for the White Sox.