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Heineken Obtains 50% Stake In Booming Lagunitas

September 9, 2015

Heineken has acquired a 50% stake in Lagunitas Brewing Company, one of the U.S. market’s biggest and fastest-growing craft brewers. According to Heineken, the deal—which is expected to close in the fourth quarter—will give the Dutch brewer a “strong foothold” in the craft brewing segment, while providing Lagunitas with the means to expand internationally. While the price wasn’t disclosed, last month Reuters reported that the Petaluma, California-based Lagunitas was exploring the sale of an equity stake that would value it at around $450 million.

Led by Impact “Hot Brand” Lagunitas IPA, Lagunitas is on pace to grow by nearly 50% this year, Tony Magee—who founded the craft brewer in 1993—recently told SND. Such progress would put Lagunitas around the 1-million-barrel threshold. Magee will continue as Lagunitas executive chairman.

With demand rising rapidly, Lagunitas has been in expansion mode of late. Little more than a year after opening a brewery in Chicago, Lagunitas—the sixth-largest craft brewer in the country, according to the Brewers Association—recently began building its third brewery, in Southern California.

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