Boston Beer Co. Buys Dogfish Head For $300 Million
Boston Beer Co. Agrees to Buy Dogfish Head in $300 Million Deal. This is the biggest deal ever in the Brewers history.
“We feel like now is the time to fortify and grow our beer business, we’re committed to craft beer for the long term.” – Dave Burwick CEO of Boston Beer Co.
Dogfish Head is a small brewery that started in Deleware. It is one of the more popular craft beers that are out there.
The deal was not an all-cash deal. The founder of Dogfish, Sam Calagione will get $127 million in Boston Beer Co. stocks. Another $173 will go buying the rest of the stake of Dogfish where most of it is owned by private equity firm LNK Partners.
This deal puts Boston Beer Co. right in the thick of the IPA market.