According to a joint press release, the merger deal is valued at $300 million and the joint company will still qualify as an independent craft brewery under Brewers Association rules.
Dogfish Head founder-brewer Sam Calagione will join Boston Brewing’s board of directors, and, along with his wife and co-founder Mariah, will become the Boston Brewing’s second largest shareholder after founder-brewer Jim Koch. The combined company is set to be headed by Boston Brewing CEO Dave Burwick.
“Dogfish Head has a proud history as a craft beer pioneer with a brand that is beloved by American consumers and highly respected by the industry,” Koch stated in a press release today, “Sam and I have stood shoulder to shoulder in some of the defining efforts in craft brewing including the creation of the Brewers Association, the craft beer definition, the craft brewer seal and the creation of the SAVOR food and beer event.”
“This combination is the right fit as both Boston Beer and Dogfish Head have a passion for brewing and innovation,” Koch continued, “We share the same values and we will learn a lot from each other as we continue to invest in the high-end beer category.”
Both companies cite the pairing as a natural fit, combining Boston Beer’s robust marketing and distribution network with Dogfish Head’s reputation for innovation and quality. According to the press release, Dogfish Head’s brew team will accompany Calagione in the merger and “continue to be heavily involved in beer and “beyond-beer” projects.”
The merger is expected to close in late second quarter of this year.
Correction: A previous version of this article misstated Delaware as a part of New England.