Heineken announced this week that they have acquired all the remaining shares in Lagunitas Brewing Company.
In 2015 Heineken purchased a 50% stake in the popular American craft brewer.
To “maintain the Lagunitas culture and free spirit,” the brewery will continue to operate as an independent entity within Heineken and will report within the Heineken Americas Region, the company says in a press release.
Tony Magee, founder of Lagunitas, will remain active as Executive Chairman of the company. He will be supported by his current management team. In addition, Magee will take a leading advisory role to Heineken and its executive team on the global and local craft strategy.
“During the 19 months of our partnership we have come to trust and truly believe in each other,” Magee says in a press release. “Through that we have found ourselves aligned on how to bring the vibe of U.S. craft-brewing to beer lovers everywhere.
“Only by fully committing to this relationship can we both respond to the historic opportunity that awaits us in all 24 time zones,” he adds.
The transaction has been completed with immediate effect. Financial terms were not disclosed.