36.5 F
Fort Worth
Tuesday, October 27, 2020
Business MillerCoors' Tenth and Blake division acquires Revolver Brewing

MillerCoors’ Tenth and Blake division acquires Revolver Brewing

Other News

JC Penney sees bankruptcy protection exit by Christmas

NEW YORK (AP) — J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would...

Petalo, not Charmin: Virus brings Mexican toilet paper to US

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Toilet...

Mall owners close to buying JC Penney out of bankruptcy

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a...

At Home launches collection with Fort Worth connection

At Home Group Inc. (NYSE: HOME), The Home Décor Superstore, has debuted an exclusive collection with interior...

Granbury-based craft brewery Revolver Brewing has been acquired by Tenth and Blake Beer Company, the craft and import division of MillerCoors, the companies announced Thursday.

“We are excited to be joining the Tenth and Blake family, which shares our commitment to brewing great craft beer,” said Rhett Keisler, Revolver Brewing co-founder and president. “This partnership will allow us to maintain our brewery and operations in Granbury, while providing us with the additional resources to invest in and accelerate the growth of the Revolver brand in Texas.”

Revolver Brewing will retain its current management, employees and products, acting as a separate business unit of Tenth and Blake, according to a news release.

The transaction is expected to be completed in the third quarter of 2016. The terms of the transaction were not disclosed.

MillerCoors’ Tenth and Blake division’s Revolver Brewing acquisition is a chaser following recent deals to purchase Oregon’s Hop Valley craft brewery on July 29 and Georgia’s Terrapin Beer Company craft brew operations on July 20.

Revolver Brewing is the company behind craft beer Blood & Honey among other brands. The brewery distributes in Fort Worth, Dallas, Austin, Waco and other surrounding areas.

Other companies in Tenth and Blake’s portfolio include Blue Moon Brewing Company, Jacob Leinenkugel Brewing Company, Crispin Cider Company and Saint Archer Brewing Company. According to a news release, Tenth and Blake expects to close deals with Terrapin Beer Company and Hop Valley Brewing Company.

http://revolverbrewing.com/

Latest News

Sept. new home sales fall 3.5%, after strong summer season

By KEN SWEET AP Business WriterCHARLOTTE, N.C. (AP) — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual...

Stocks have their worst day in a month as virus cases surge

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers U.S. stocks fell sharply Monday, deepening last...

Dunkin’ shares soar after buyout talks with Arby’s owner

By DEE-ANN DURBIN AP Business Writer The Dunkin' doughnuts and coffee chain confirmed it's held talks to be taken...

How retailers are reinventing Black Friday during COVID-19

KIRBY ADAMS, Louisville Courier Journal undefinedLOUISVILLE, Ky. (AP) — Will COVID-19 finally be the thing that makes Black Friday a thing of...

Show your support for the Margarita party

Want to party? Want to vote? Want to political party? Want to show...