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Spanish brewer Mahou San Miguel to buy 30% stake in Avery Brewing

DBR Staff Writer Published 30 November 2017

Spanish brewing company Mahou San Miguel has agreed to acquire a 30% stake in Boulder, Colorado-based Avery Brewing.

Financial terms of the deal, which is expected to close in January 2018, were not disclosed.

The deal marks the second US investment for Mahou, which acquired a 30% interest in Michigan’s Founders Brewing Company in late 2014.

Avery Brewing was founded in 1993 by home brewer Adam Avery. The company's products are distributed in 33 states acorss the US.

Mahou San Miguel CEO Eduardo Petrossi said: “This new alliance, between two family companies, has been possible thanks to the passion we share for beer and tradition and that we have similar values.

“This operation strengthens us as the driving Spanish brewer behind the craft sector and will reinforce our positioning in the United States.”

The companies plan to use the deal to promote the organic growth of Avery Brewing investing in innovation and quality.

Avery is best known for its brand White Rascal. Other beers produced by the brewery include a Belgian type beer, India pale ales (IPAs) and its bitter and barrel-aged beers. 

Avery Brewing founder Adam Avery said: “Mahou San Miguel emphatically checked all of those boxes for us and is our ideal partner for continued growth, remaining faithful to our beers and our culture.  It is with great satisfaction that we stand side by side such a respected family company with a dedicated focus on brewing and the future.”

Mahou San has been present in the US market since 2011. The company produces more than 70% of the Spanish beer consumed globally, and is present in 70 countries.

In 2016 alone, Mahou San's beer sales represented 15% of the entire volume.

Image: Spanish brewing company Mahou San Miguel joins Avery Brewing in US. Photo: Courtesy of Mahou San Miguel.