Firestone Walker and Duvel Moortgat USA have agreed to acquire the Stone Brewing brand from Sapporo USA for an undisclosed amount, Brewbound reports. The transaction is slated to finalize within the second quarter of the fiscal year.
California-based craft brewery Firestone Walker — in which Duvel USA acquired a majority stake in 2015 and continues to operate independently — will assume ownership of the Stone Brewing brand in California, Texas, and other western U.S. markets, along with overseeing national accounts. Duvel USA will handle Stone’s distribution east of the Rocky Mountains, according to Brewbound. The two brands will also assume ownership of four taprooms in California.
