BREWING
Peru: ZX Ventures acquires Peruvian craft brewery Barbarian
Mahou San Miguel ups Founders Brewing Co stake to 90% Mahou Group has increased its stake in Michigan-based craft beer maker Founders Brewing to 90%. The Spanish company, which has held a 30% stake in Founders since 2014, drew attention to the brewer’s “diverse portfolio” of beers, which includes All Day IPA and Breakfast Stout. Founders Brewing was formed in 1997 by Mike Stevens and Dave Engbers, who remain as shareholders and will continue to lead its management team. According to gures from the Brewers Association, Founders is the 14th-largest craft brewery in the US by volume. Its prod- ucts are present in all US states and in more than 30 international markets, with signi cant focus in Italy, Scandinavia, the UK and Spain. “With this new agreement, we are con- solidating our position as the most advanced Spanish brewer in promoting the craft world and strengthening our commitment to becoming global in this segment with the best possible partner, Founders, whose authen- ticity, values and extraordinary beers, we will keep and foster,” said Alberto Rodríguez- Toquero, managing director of Mahou Group. “In addition to supporting the growth of
Founders in the US, we are also developing new distribution to grow our core brands such as Mahou, Alhambra and Solán de Cabras, as the US is a key market in our international strategy.” Mike Stevens, Founders president and co-founder, added: “We are fortunate to have a partner with whom we can exchange brewing knowledge and business strategy, Anheuser-Busch InBev’s growth and inno- vation group, ZX Ventures, has acquired Peruvian craft brewery Barbarian. Financial details were not disclosed, although ZX acquired 100% of the compa- ny’s shares, according to La Republica. The acquisition was announced in Peru on August 13. Barbarian’s found- ers and collaborators will remain with the company, and ZX plans to triple Barbarian’s production by 2020, accord- ing to the outlet. “We know that Barbarian has an incredible growth potential and that is why we have made the decision to add an important partner, which will take
who also re ects our values as a company. “We built Founders with legacy in mind and, by partnering with Mahou, a family-owned, 129-year-old brewer, we will set the course together for future generations to come.” The deal comes after Mahou San Miguel and Founders together purchased a 40% stake in craft beer maker Avery Brewing earlier this year. Barbarian to the next level,” co-founder Ignacio Schwalb said. “This partnership opens a new world full of possibilities and will give us the opportunity to look carefully at our processes and search for optimizations in order to strengthen the growth and sustainability of the brewery.” AB InBev also owns Peruvian brew- ery Backus, which was obtained as part of the merger with ABMiller.
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