Lagunitas Unites with Heineken

Lagunitas Brewing Company has joined with Amsterdam-based giant Heineken, which has purchased a fifty percent stake in the company. 

Lagunitas founder Tony Magee will remain at the head of the company, which will continue to operate independently.  

“This venture will create a way for Lagunitas to help HEINEKEN’s global distribution network participate in the growing craft beer category in places from Tierra Del Fuego and Mongolia to the far-flung Isles of Langerhans," Magee said. "Lagunitas will share in the best quality processes in the world and enjoy an open door to planetary opportunities that took lifetimes to build."

Lagunitas, now the fifth largest craft brewer by volume in the country, can expect enhanced growth nationally and internationally through Heineken's global footprint, with 81,000 employees and over 160 breweries in 70 countries. 

Though full terms of the deal were not disclosed, it is expected to be finalized by the end of the year.

See the full press release here.