Click to copy
Click to copy

Spanish brewer taking control of Michigan-based Founders

August 29, 2019

GRAND RAPIDS, Mich. (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 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.

All contents © copyright 2019 The Associated Press. All rights reserved.