Both companies will retain their status as BA-defined independent craft breweries. The merger brings together the Brewers Association’s second-largest craft beer maker, Boston Beer, with the 13th largest craft brewery, Dogfish Head. The merger comes nearly four years after Dogfish Head sold a 15 percent stake to LNK Partners, a New York-based private equity firm.Īs a result of the merger, LNK will exit its investment in the Delaware-based craft brewery.Īccording to a press release, Boston Beer expects to fund the cash component of the transaction through a combination of cash on hand and its available credit line. Meanwhile, existing Dogfish Head shareholders will receive $173 million in cash, and Sam Calagione will obtain a seat on Boston Beer’s board of directors starting in 2020. The deal is expected to close in the second quarter.Īs part of the transaction, Dogfish Head co-founders Sam and Mariah Calagione will receive about 406,000 shares of Boston Beer stock (NYSE: SAM), valued at $314.60 per share, making them the largest non-institutional shareholders in the company, behind Boston Beer founder Jim Koch. Calmly seek out Citrus Squall’s bright magenta-pink packaging or tap handle.Ĥ.Today, the two companies announced the signing of a definitive merger agreement valued at about $300 million. Quickly make your way to the craft beer section of the location or menu.ģ. Visit your favorite local store, beer distributor, bar or restaurant.Ģ.

Ahead of its arrival, Dogfish suggests the following preparation plan.ġ. Starting on the East Coast, Citrus Squall will quickly billow out and roll its way to taps and shelves across the nation both on draft and in 6pk/12oz cans, expected to hit ground in early spring. We’re proud to introduce Citrus Squall … the perfect storm of a double golden ale and a paloma cocktail brewed with grapefruit juice, blue agave nectar, lime peels and a touch of sea salt.Īt 8.0% ABV, Citrus Squall brings strong gusts of citrusy hop and grapefruit aromas, counterbalanced by a downpouring of bright and tart grapefruit flavor and a blue agave nectar sweetness. Our best advice? Grab your ponchos … er, pint glasses and get ready! National weather reports confirm there’s a squall (of the delicious kind!) brewing and it’s set to touch down in cities from coast to coast. Offici-ALE Weather Report: There’s a Citrus Squall moving in!

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