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Discussion in 'Beer News & Releases' started by TomCat11, Aug 29, 2019.
Well, there goes the neighborhood.
Wow, thats really interesting. Quite the change from 30% to 90%.
LOTS of pissed off MI craft drinkers today. I could care less Obla Di Obla Da....
NO!!! Another one bites the dust. So much for "brewed for us"....
Doesn't bother me one bit. Looking to pick up some of that barrel aged Sumatra brown if I see it today.
This is no surprise to me. Owners don't kill businesses huge corporate amalgams do. At least in my book.
Looking forward to the threads arguing that pre buyout KBS/CBS is superior to the future editions.
This was literally my exact thought.
Another one bites the dust.
No real effect on me, don't buy their stuff anyway.
How much less could you care?
Maybe breakfast stout won’t be $60 a case now.
Please, they've already been going on since KBS/CBS became readily available. Anytime a brewery removes scarcity from the recipe, you can taste the change ...
What I'd really love to know is how this buyout will affect the diversity initiative Founders recently started given their recent, um, "troubles".
So, I know this requires some contextual analysis that might get lost amongst the "there goes another one" sentiment that is inevitable with these purchases. However, it appears that San Miguel bought out a number of minority owners giving them an exit and additional control. The 'primary' ownership team is still in place with their minority stake (10%?).
Personally - I've enjoyed Founders beer for a long time, and will continue to do so. They're a standard for me along with Sierra Nevada. Their reps always seemed pretty above board to me and I have a couple friends who currently work there; all seem happy.
What a shocker. Is anyone surprised?
As Mike said - it’s the American Dream come true for a couple of home brewers. I’m happy for them....and if the beer goes to shit — well to that I sag all things must pass.
I'm sad I'm not one of the earliest investors getting a nice return hopefully. I knew they were money they first time I had one of their beers.
Founders sucks, and this is the nail in the coffin.
I'll still buy their beer, at least the ones I like. If it goes against your principles I can respect that, but I don't personally care all that much
Nope, once I see a brewery take a loan to expand or maintain I know it is only a matter of time before they sell. For me 20% ownership might as well be a majority stake. Like I already mentioned I have given up worrying who owns what and just drinking the beer.
Victory 'sold out' to ABV over two years ago and those beers still taste good to me.
I will continue to support Founders as long as they continue to produce beers I enjoy drinking. This reminds me that I have one bottle of KBS left. Maybe drink that beer this evening as a tribute to Founders!?!
Worry not, "nothing will change"
They always say that, and it always changes. Why in the world would one company buy another in the same industry and not either merge them or make "improvements"? As a business, they are obliged to increase profits for their owners/stakeholders.
Brewed for us *
A lot of hate on this thread, can anyone please explain the difference in quality and taste between 30% & 90% ownership? Being that Mahou has had 30% stock since 2014.
I'm getting used to this. Mahou-San Miguel also owns a minority share in Avery. I wonder if that will change as well down the road.
Mike mentioned in a talk to my class that at one point that their ownership stake was diluted down to < 1% during the turbulent years. All things aside, this is likely the case with the need to buyout individual investors as the market begins to mature. Their only real growth industry is international at this point, job well done.
Edit: I'm sure they had greater than 1% at time of acquisition as they've likely received stock based performance comp over the years. That being said, it's hard to imagine them having retained meaningful (voting power) equity through all of this.
Speaking of Avery, I wish their price point on special releases would go down.
So, I have a question. In situations like this, is it usual or unusual for there to be a change in distributor?
It can go either way. Constellation, for instance, spent time and money moving Ballast Point to their "Gold" network of Corona/Modelo distributors while Heineken, after buying Lagunitas, said they were keeping distribution as it was. AB typically always moves their "captured craft" brands to AB houses, having to pay or even sue the previous wholesalers.
In this case, Mahou-San Miguel doesn't really have a "network" as such in the US, compared to Founders well-established now 50 state distribution. I imagine it's working the other way for them, adding/offering the Mahou beers to the existing Founders' distributors portfolio.
Thanks a bunch, S.
I can’t blame the owners for cashing out for millions plus still retaining a 5% stake each. The money is vast, hell I bet everyone here with that carrot dangled under the nose would do the same thing. I’d sell it, and move to the Bahamas.
This already happened https://www.brewbound.com/news/maho...ner-to-take-majority-control-of-avery-brewing.
Dang, I didn't know that. Thanks!!
I looked, couldn’t find it!
Good for the “founders”. They built a good business with blood, sweat, and tears. They are getting up in years and are reaping the reward of all their hard work. It’s the American dream. Good for them. If the quality remains I’ll continue to buy. If they ruin it ala ABInbev with Goose Island, I’ll move on. Plenty of other good options out there.
Weren’t they already living the American dream?
People go into business to make money, not keep craft beer drinkers happy. I assume these guys have been successful beyond there wildest dreams, and I'm happy for them.
Haven't bought much Founders beer since they decided to stick us with large format bottles of CBS, but sent 4 packs elsewhere...that one really ticked me off. I know they are doing 4 packs for us this time...but I hold a grudge
I'll probably continue to not buy much Founders.
As did I looking like next week. New Jersey got it last week. The weather should be more appropriate for it next week.
Surprised by this. In the long run, it won't really matter much as there are so many other local options out there. I will still buy the barrel aged stuff (KBS, CBS and Backwoods Bastard are fantastic). I'm sorry, but others just can't complete on price/quality today. We will see what happens with those. Other purchases and visits will be limited. I stopped buying Lagunitas, Ballast Point and Shorts when they were bought out. Those were pretty easy as I didn't buy a bunch of any of them.I, for one, do care who owns what.