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Two of San Diego's Independent Craft Breweries Partner for Growth
San Diego, CA - July 18, 2017 - In
today's tumultuous beer climate, two of San Diego's most respected and
award-winning independent craft breweries are joining forces to deliver
more beer to thirsty fans. Coronado Brewing Company will acquire a
majority share in Monkey Paw Brewing Company. The move allows Monkey Paw
to share in Coronado's resources, further developing the brand, while
simultaneously maintaining the independence, integrity, and quality that
Monkey Paw has become known for. The acquisition is expected to close September 1, 2017, for an undisclosed amount.
"We
are excited to bring Monkey Paw Brewing Company into our family," says
Brandon Richards, COO, Coronado Brewing Company. "We're looking forward
to partnering with Scot Blair and his team; they have built a tremendous
brand from the ground up, and their beers are incredibly
well-respected. We can't wait to share their brand with an expanded
audience."
The
partnership will enable Monkey Paw to bring more of its beer to fans
throughout Coronado's distribution footprint. The plan is to grow
organically, with Coronado working with Monkey Paw to expand draft
accounts, refresh its branding, and increase off-premise distribution.
"Scot Blair has created a brand with a lot of momentum, and we don't
want to mess with that too much," says Richards. "The pub will continue
to operate as-is, and we're looking at releasing new cans in the near
future."
Coronado's
move to acquire Monkey Paw comes at a time when many regional breweries
are experiencing declining sales. "We have been looking for the
opportunity to bring in a brand that fits with our culture, and doing so
allows us to realize our operational efficiencies," says Richards. "It
also gives us the opportunity to sell more beer in California, which we
love doing. We think this is a powerful extension of our brand and a
great way to diversify our offerings."
For more information about both companies, visit www.coronadobrewing.com and www.monkeypawbrewing.com. Stay Coastal. Cheers.
About Coronado Brewing Company
In
1996, when craft beer was still a foreign term and San Diego County was
home to only a handful of breweries, the Chapman brothers Ron and Rick
opened a brewpub in their hometown of Coronado. Today CBC stays true to
their San Diego roots, brewing abundantly hoppy West Coast-style ales,
which are available today in 16 US states and twelve countries. In
addition to the long-established pub in Coronado, the company opened a
tasting room inside their newly built San Diego production facility in
early 2013, and a tasting room and restaurant in Imperial Beach,
California in 2014. Coronado Brewing Company was honored in 2014 with
one of the brewing industry's most prestigious awards-World Beer Cup
Champion Brewery and Brewmaster for a Mid-size Brewing Company.
About Monkey Paw Brewing Company
Established
in 2011, Monkey Paw Brewing Company is the brainchild of craft beer
maven, Scot Blair. Monkey Paw Brewing Company is proudly independent,
and one of San Diego's most award-winning craft breweries. Since its
inception, the Paw has brewed a wide variety of medal-winning beers,
with its greatest honors coming by way of Gold and Silver at GABF and
WBC, respectively. The
original maker in Makers Quarter, Monkey Paw Brewing Company operates
on a 10-barrel system in East Village, San Diego, and was the first
brewery in the county to pioneer canning its beers, back in 2012. So,
whether it's a trip back in time for a traditional old world ale, or
jetting into the future with bleeding edge techniques and ingredients,
its well-balanced, handcrafted ales and lagers are proof we're not just
monkeying around.
Links:
Website: coronadobrewing.com
Facebook: /coronadobrewingcompany
Instagram: @
Twitter: @
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