SAN FRANCISCO–(BUSINESS WIRE)–Sapporo USA, makers of the best-selling Asian beer brand in the United States, and Stone Brewing, one of America’s largest and most innovative craft beer brands, have reached an agreement for Sapporo USA to acquire Stone Brewing. Supporting the long-term growth strategies of both businesses in the US market, the transaction is expected to close in August 2022.
This acquisition of east meets west brings together the complementary strengths of Japanese art and innovation with American craft brewing tradition in a fusion of cultures creating strength and growth potential for both brands. Sapporo gains high-quality brewing capacity on both coasts of the US, which will allow it to significantly increase production to meet strong consumer demand for its Sapporo-branded beers for the domestic market. Stone Brewing gains the resources of America’s largest Asian beer brand and its commitment to preserving Stone’s legacy, culture and innovative approach to craft beer.
Sapporo intends to produce its Sapporo-branded beers for US distribution at Stone’s two state-of-the-art breweries, in Escondido, California and Richmond, Virginia. Building on existing capacities and supported by planned capital investments, Sapporo aims to produce 360,000 barrels in the US by the end of 2024. This will essentially double Stone Brewing’s current production and provide ample growth opportunities for both brands.
“We approached Stone Brewing looking for a partner for our US growth plans and quickly recognized that they were an ideal partner with two shore brewing capabilities, loyal fans, excellent management, shared cultural values and commitment to our customers. highest quality standards. ” said Kenny Sadai, President of Sapporo USA “This acquisition brings the resources and legacy of America’s largest Asian beer brand together with one of the world’s most innovative and recognized craft beer brands. It is a perfect fusion of east and west that is an ideal marriage for Sapporo’s long-term growth strategy in the US.”
Under the agreement, Stone Brewing will continue to brew its famous craft beers at the two breweries, as well as operate its seven Tap Rooms and World Bistro & Gardens destinations with existing brand, management and workforce under the Sapporo umbrella. Best known for its award-winning beers like Stone IPA, Stone Delicious IPA and Stone Buenaveza Salt & Lime Lager, Stone will continue to brew with the same recipes and passionate team as before.
“This is the right next chapter for Stone Brewing,” said Greg Koch, co-founder and executive chairman of Stone Brewing. “For 26 years, our incredible team has worked tirelessly to produce beers that set trends and reset expectations. Having the interest of a company like Sapporo to continue the Stone story is testament to the great beers we have created and will continue to create for our fans around the world.”
“I am thrilled that we have the opportunity to join forces with Sapporo,” said Maria Stipp, CEO of Stone Brewing. “This unique partnership allows us to preserve the Stone legacy that our fans know and love and will add exponential opportunities for growth, from production to further investment in people, equipment, sales and marketing.”
Stone is the second acquisition in the growing craft beer segment of Sapporo USA’s business. Alongside Anchor Brewing Co., acquired in 2017, the acquisition continues the legacy of major brands coming together under the Sapporo banner. Anchor Brewing’s operations will remain unchanged.
Stone Distributing Co., Stone Brewing’s distribution business, is not part of the sale and will become an independent company under current ownership, maintaining its current leadership in day-to-day operations. Stone Distributing is a leading distributor in the nation’s largest craft market and will continue to serve Southern California with a portfolio of 42 distinct craft brands, including Stone Brewing. As a separate entity from Stone Brewing, it will operate as it does today and with greater investment in its brands, people and future.
For more information, visit: Stone Brewing and Sapporo Beer.
About Sapporo USA, Inc. Founded in 1876, Sapporo is Japan’s oldest beer brand still in operation and the #1 selling Asian beer brand in the United States. Sapporo lagers have been appreciated for almost half a century in America, with five varieties – SAPPORO PREMIUM, SAPPORO PREMIUM BLACK, SAPPORO RESERVE, SAPPORO PREMIUM LIGHT and the new SAPPORO PURE. Sapporo USA, Inc. (a subsidiary of Sapporo Brewing) was created in 1984 to oversee the production, distribution, sales and marketing of the brand in the US. Sapporo beers are made with only the finest natural ingredients. The combination of barley and hops selected with extreme attention to quality gives Sapporo beers their crisp flavor, refreshing taste and smooth, refined bitterness.
About Stone Brewing
Founded by Greg Koch and Steve Wagner, San Diego-based Stone Brewing is the 9th largest craft brewer in the United States. Stone operates breweries in Escondido, CA and Richmond, VA, along with seven bars and bistros. Stone is an industry leader in environmental sustainability. The company’s long list of environmental efforts includes a LEED Silver certification, world-class water reclamation, solar panels, creative uses of used grain, and even live goats for ecological vegetation management. Stone has been named the “Best Brewery Ever on Planet Earth” by BeerAdvocate magazine twice. To find Stone beers, visit find.stonebrewing.com. For more information about Stone Brewing, visit stonebrewing.com, Facebook, Instagram or Twitter.