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
- Tweet This | Share on Facebook
Spanish brewer taking control of Founders
headlines Oakland County
- Whitmer signs gun violence prevention legislation
- Department of Attorney General conducts statewide warrant sweep, arrests 9
- Adoptive families across Michigan recognized during Adoption Day and Month
- Reproductive Health Act signed into law
- Case study: Documentary highlights history of courts in the Eastern District
headlines National
- Protecting Attorney-Client Relationships: ABA advocacy helps safeguard the right to effective assistance of counsel
- Did ‘corporate speak’ and PowerPoint lead to complacency at GM?
- Ex-employee sues Sheppard Mullin over cyberattack exposing sensitive personal data
- Ropes & Gray allows more attorneys to count AI testing toward billable hours
- Plaintiff who filed fraudulent case, trashed desktop computer hit with sanctions
- Man who threatened Supreme Court justices avoids prison time
