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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.

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