Lagunitas Brewing Co. (Petaluma, CA) has announced a deal today with Heineken International. The deal allows Heineken, the world’s 3rd largest brewery, a 50% stake in the brewery.
The deal is cash generator for Lagunitas, who announced the addition of a third brewery some weeks ago in California.
The board will consist of six seats, divided three each between Heineken and Lagunitas members.
While the full terms of the deal haven’t been disclosed (which will close in the 4th quarter), but many have hinted in the $100’s of millions.