Japanese brewer Sapporo Holdings Ltd. has signed a deal to acquire Escondido, California-based Stone Brewing Holdings $165 million.
Known for its Arrogant Bastard beer, Stone is the ninth-largest US craft brewer and 18th overall in size. It reportedly had $250 million in sales last year.
Since the establishment of the business in 1996, Stone Brewing and its founder Greg Koch have supported small, independent brewers.
With the current management and workforce, Stone Brewing will continue to run its two breweries in Virginia and California as well as a number of taprooms and restaurants.
Sapporo could increase Stone’s capacity in order to brew Sapporo-branded beers for US distribution.
Not included in the sale but to be spun off as a separate business is Stone Distributing Co., which manages distribution for 42 craft breweries.
Stone will be Sapporo’s second U.S. acquisition, having bought Anchor Brewing, known for its Anchor Steam beer, for $85 million in 2017.


Can your cat recognise you by scent? New study shows it’s likely
What’s the difference between baking powder and baking soda? It’s subtle, but significant
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
The pandemic is still disrupting young people’s careers
AI is driving down the price of knowledge – universities have to rethink what they offer
Office design isn’t keeping up with post-COVID work styles - here’s what workers really want
Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
The Beauty Beneath the Expressway: A Journey from Self to Service
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 



