Boston Beer Company To Pull Plug on MA Brewery Plans
Boston Beer Company To Pull Plug on MA Brewery Plans
Boston Beer company, the brewer of Samuel Adams has agreed to purchase a Pennsylvania brewery from Diageo North America (Guinness) for $55 million. This effectively kills Boston Beer Company’s plans to build a new brewery in Freetown, MA. Even though the company was in the early developmental phase, the loss will be felt in the regional where the new brewery would have provided much needed jobs.
The purchase is expected to take place late spring 2008, and if the transaction is finalized, Boston Beer said it will "discontinue exploring the option of building a new brewery in Freetown, Mass."
The Pennsylvania brewery will increase Boston Beer’s brewing capacity by about 1.6 million barrels of Samuel Adams beer annually. This sale may help the nation’s fifth largest producer of beer increase their production and aid efforts to overtake the big four brewers of American beer. This is quite an accomplishment for a beer company that started out 20 years ago in a Boston kitchen.
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