Mahou San Miguel to acquire a 90% stake in Founders Brewing.

Mahou San Miguel, beverage manufacturer, agreed to acquire a 90% stake in Founders Brewing. Financial terms were not disclosed. The deal is expected to close in January 2020, pending approval. “We really have to start looking beyond craft and beyond that industry. We are starting to see a slow down there, but there is so much opportunity out there when you really start to look at it and evaluate the beer industry. Eighty percent of the beer drinking public does not drink craft. What does that mean? It means there’s a sea of opportunity. That opportunity is going to take a lot of resources – resources greater than any craft brewery in our industry has. We look at this opportunity with Mahou as our opportunity together to break into a much larger segment of the beer industry. That’s what we’re looking forward to with this partnership,” Mike Stevens, Founders Co-Founder.