GRAND RAPIDS (AP) — Michigan’s largest brewery is being sold to a Spanish partner.
Founders Brewing in Grand Rapids has informed state regulators that Mahou San Miguel Group will have a 90% stake in the brewer by January.
Mahou San Miguel, based in Madrid, acquired a 30% stake in Founders in 2014. Founders says Mike Stevens and Dave Engbers, who co-founded the brewery in 1997, will each retain a 5% share and “have no intention of leaving.”
In a written statement last Thursday, Founders says it has “enjoyed an excellent relationship with Mahou Group.” Founders’ beers include All Day IPA, Breakfast Stout and Centennial IPA. It also produces seasonal beers.
- Posted September 02, 2019
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Spanish brewer taking control of Founders
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