Founders Brewing Co. in Michigan, one of the fastest growing breweries in the country, has announced a partnership with Mahou San Miguel. The Spanish brewery will take a 30 percent stake in Founders.
A press release stated that the partnership “will help Founders grow through Mahouâ€™s international distribution network to access the emerging craft beer community around the world. Founders and Mahou are focused on long-term strategic growth, with a commitment to brand longevity and product quality. ‘Founders will remain Founders,’ with continuity in their recipes, processes, facility and staff.”
â€œWe knew that taking on a partner was the necessary, responsible thing to do for the future of Founders because it would open up new doors for growth as well as ensure our legacy for years to come,” CEO Mike Stevens said in the press release. “We spent a long time determining who would be the best partner to help us grow Founders while staying true to our beers and our culture. Mahou shares our family values and a commitment to their communities; they also believe in the importance of long-term partnerships. We are honored to be working with a brewer that commands so much respect.”
Javier LÃ³pez del Hierro, president of Mahou San Miguel, added, “Our investment in Founders is a great source of learning, innovation and transformation for Mahou San Miguel to get directly involved in the U.S. craft market.”