Craft Brew Alliance takes 24.5% minority stake in Miami-based Wynwood Brewing Co.
(Portland, OR & Miami, FL) – Craft Brew Alliance, Inc. (“CBA”) (Nasdaq:BREW) and Wynwood Brewing Company , an award-winning craft brewery based in the heart of Miami’s vibrant Wynwood Art District, announced today their intent to enter a strategic partnership. Through the partnership, Wynwood Brewing Co. would gain access to CBA’s state-of-the-art production capabilities and regional sales and marketing infrastructure, with a focus on meeting increased demand throughout the craft brewer’s home state of Florida. Additionally, under the terms of the partnership agreement, CBA would take a minority 24.5% stake in Wynwood Brewing Co., which will enable the pioneering Miami craft brewery to expand its local production brewery and tap room.
Founded by Luis Brignoni and his father Luis Brignoni Sr. (“Pops”), Wynwood Brewing Co. is deeply rooted in its founders’ Puerto Rican heritage and namesake neighborhood, Wynwood. The neighborhood is renowned as one of the most vibrant and artistic communities in the country and attracts artists and influencers from around the world. The brewery has doubled its production every year since it […]