©Saint Archer Brewing Co
Molson Coors Beverage Company has announced it is selling its Saint Archer brewery to Ballast Point owner, Kings & Convicts Brewing Co.
Under the deal, Kings & Convicts will take over Saint Archer’s 100,000-barrel-capacity beer operation in Miramar and adjoining taproom, as well as its 1,200-square-foot taproom in Leucadia, California. Molson Coors will retain ownership of the Saint Archer brand, which it acquired in 2015.
“The Saint Archer team has built a distinct brand that has a very loyal following in southern California. Unfortunately, the overall business has struggled to grow despite investing significant resources behind its production and commercialisation,” said Paul Verdu, vice president of Tenth & Blake, Molson Coors’ US craft division. “We’ll maintain ownership of the Saint Archer brand as we determine the best long-term plan and remain focused on growing our regional breweries that continue outpacing home-market competitors.”
He continued: “We tried to do everything we could to keep the brand going, but it just wasn’t financially viable to continue operating. That isn’t a reflection on how great Saint Archer beer is, or the passion or the efforts of our team in California. The beer is awesome, the brand is awesome, but it was just hit with a series of challenges we weren’t able to overcome.”
Terms of the deal were not disclosed.
© FoodBev Media Ltd 2022
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