MillerCoors Buys Revolver Brewing
One of North Texas' most popular breweries — brewer of Blood & Honey, one of North Texas' most popular beers — has been acquired by Tenth and Blake Beer Company, the craft and import division of MillerCoors, according to a press release. MillerCoors, like other big beer producers who've seen serious profit losses since craft beer's rise in popularity, has purchased majority interest in several small craft producers lately: Terrapin Beer Company, Hop Valley Brewing Company and now Revolver.
Here's the full press release from Tenth and Blake:
Tenth and Blake Beer Company, the craft and import division of MillerCoors, announced today an agreement to acquire a majority interest in Granbury, Texas-based Revolver Brewing. Revolver Brewing is highly regarded in the Texas craft beer community for its flagship brand Blood & Honey, a uniquely approachable craft beer that has quickly become one of the leading craft brands in the Dallas-Fort Worth Market.
“We are excited to be joining the Tenth and Blake family, which shares our commitment to brewing great craft beer,” said Rhett Keisler, Revolver Brewing co-founder and president. “This partnership will allow us to maintain our brewery and operations in Granbury, while providing us with the additional resources to invest in and accelerate the growth of the Revolver brand in Texas.”
Founded in 2012 by father and son Ron and Rhett Keisler, along with seasoned master brewer and cicerone Grant Wood, Revolver Brewing has made incredible waves in the Texas craft beer community in a mere four years. Revolver Brewing calls Granbury home and is currently distributed in Dallas, Fort Worth, Waco, Austin and surrounding areas.
Revolver Brewing will operate as a separate business unit of Tenth and Blake. Revolver’s management and employees will continue to create, brew, package, market and sell Revolver’s portfolio of brands.
“We have tremendous respect for the quality and innovation that Revolver Brewing has brought to the Texas craft community and are thrilled to have such a terrific team and portfolio join Tenth and Blake,” said Scott Whitley, president and CEO of Tenth and Blake. “Our main priority will be to work with the Revolver team to support its continued success and make sure its beer is enjoyed by even more consumers in Texas.”
Revolver Brewing joins other leading crafts in the Tenth and Blake portfolio, including Blue Moon Brewing Company, Jacob Leinenkugel Brewing Company, Crispin Cider Company, Saint Archer Brewing Company, and, following expected closes in the third quarter, Terrapin Beer Company and Hop Valley Brewing Company. For more information on Revolver Brewing and its portfolio of brands, visit RevolverBrewing.com.
The transaction is expected to be completed in the third quarter of 2016. The terms of the transaction were not disclosed.
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