Tenth and Blake Beer Company, the craft and import division of MillerCoors, has agreed to obtain a majority interest in Hop Valley Brewing Company for an undisclosed sum.
Oregon-based Hop Valley is renowned for producing a range of IPA, including the flagship Alphadelic, Citrus Mistress and Alpha Centauri.
Hop Valley has been producing IPAs throughout the Pacific Northwest region since 2009, and has since added to its production capability with a 30,000 square foot brewery and tap room. It currently distributes in Oregon, Washington, California, Idaho and Vermont.
“We are very proud of what we have achieved to date, and even more excited about the future for our company and our employees,” said Chuck Hare, Hop Valley Brewing Company co-founder. “From the get-go, it has always been about the beer, and we are looking forward to working with Tenth and Blake to get our beers – made right here – to even more consumers.”
“We’re thrilled to join forces with the Hop Valley team to add an incredible roster of brands that complement our portfolio perfectly,” said Scott Whitley, president and CEO of Tenth and Blake. “I’m looking forward to working with Chuck and his team to support the continued growth and success of their innovative IPAs and award-winning beers.”
“This is a great opportunity for us and our brewery,” continued Hop Valley co-founder and brewmaster Trevor Howard. “We will continue to craft all of our core brands and innovate with seasonal and small-batch brews like we always have – with the same commitment to quality, taste, and creativity.”
Hop Valley Brewing Company joins other leading crafts in the Tenth and Blake portfolio, including Blue Moon Brewing Company, Jacob Leinenkugel Brewing Company, Saint Archer Brewing Company and, following an expected closing in August 2016, Terrapin Beer Company.
Hop Valley Brewing Company will operate as a separate business unit of Tenth and Blake and Hop Valley’s management team will continue to lead the business and retain an ownership interest. The transaction is expected to complete in the third quarter of 2016.
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