Japanese beer powerhouse Sapporo recently reached an agreement to acquire craft beer brand Stone Brewing. The acquisition is set to be complete by August 2022, according to a press release from the company. The news marks the completion of a multi-year initiative by Stone Brewing to locate a buyer, despite founder Greg Koch’s personal stance on big-brand acquisitions.
The deal is anticipated to merge the fan-favorite craft beer brand Stone Brewing with Sapporo’s expanding profile of beverage options. Sapporo U.S.A. is the top selling Asian beer brand in the U.S. The company, launched in 1876, has a decades-long production history in the United States.