The Lagunitas Brewing Company has purchased an equity stake amounting to just under 20 percent of Short’s Brewing Company.
According to a press release, Short’s sold the stake to Lagunitas due to its “desire to successfully navigate the ever-evolving craft market while maintaining its creatively fearless identity.” As part of the deal, Short’s will maintain its individual brand image while also gaining additional resources from the Lagunitas brand.
”This partnership with Lagunitas is just another part of evolution in the cycle of our dynamic and growing business,” said Joe Short, founder of Short’s, in a press release. “I’ve grown so much personally and professionally during my time at the helm of Short’s Brewing Company that I understand now, more than ever – the continued success of Short’s and its people rely on me to make smart and strategic decisions. This is just one of them.”
While no other details about the transaction were released, the share in Short’s will be managed by Lagunitas U.S. Holdings.