the Boston Beer CompanyDogfish Head announced it would be acquired by the Boston Beer Company for $300 million on May 9, 2019. As part of the merger, Calagione and his wife, Mariah, converted their Dogfish Head stock into Boston Beer Co. stock, thereby becoming the second biggest non-institutional owners of the merged companies.
Boston Beer Co, maker of Sam Adams, has acquired Dogfish Head Brewing for $300 million, the companies announced Thursday. With the transaction, Dogfish Head founders Sam and Mariah Calagione will become the second largest non-institutional shareholders of Boston Beer, behind founder Jim Koch.
Inked in May and closed on July 3, 2019, the $300 million merger not only brings together each company's unrelenting passion for brewing, authenticity and innovation across the past half century, but also creates an American-owned dynasty for craft beer and beyond.
(NYSE: SAM) and Dogfish Head Brewery today announced that the companies have signed a definitive merger agreement, bringing together two pioneering independent Craft breweries and two illustrious founders and brewers, Jim Koch and Sam Calagione .
BOSTON BEER COMPANY - Alliance Beverage Distributing.
$300 millionBoston Beer Co., the Sam Adams brewer, saw it shares jump after it announced the acquisition of Dogfish Head Brewery in a deal valued at $300 million, combining two well-known craft beer pioneers in the U.S.
It came from the street. The brewery got its name from Dogfish Head Road, a street in Southport, Me., near the Calagione family's summer home. The suggestion came from founder and president Sam Calagione's father, when the pair passed the sign during a leisurely jog.
Meet Dogfish Head | Dogfish Head Craft Brewed Ales | Off Centered Stuff For Off Centered People.
The name "dogfish" stems from their habit of feeding in packs — sometimes numbering in the hundreds or thousands. Gathered together, they sweep an area, eating the fishes in front of them.
Dogfish Head 60 Minute IPAAmountVarietyIBU6 gChinook (Pellet) 6 g Chinook (Pellet) Hops13.8331 gWarrior (Pellet) 31 g Warrior (Pellet) Hops22.4831 gSummit (Pellet) 31 g Summit (Pellet) Hops22.931 gAmarillo (Pellet) 31 g Amarillo (Pellet) Hops12.711 more row•May 22, 2018
Sam CalagioneDogfish Head Brewery / FounderFounded in coastal Delaware by Sam and Mariah Calagione back in 1995, Dogfish continues to move in a slightly off-centered direction, motivated by non-conformity, spontaneity, and experimentation. We've been known to march to the beat of our own drum, and that's just the way we like it.
The Dogfish Head 90 Minute IPA is called that because the hops are added over a 90-minute period. This extended hop addition process gives the beer its characteristic intense hop flavor and aroma.
Performance OutlookPrevious Close326.94Bid327.19 x 1100Ask341.63 x 1100Day's Range322.78 - 329.1052 Week Range287.00 - 556.683 more rows
Boston Beer funded the cash component of the transaction from its current cash on hand and its available line of credit agreement with Bank of America, N.A. Boston Beer shares rose on news of the Dogfish Head acquisition. The brewer of Samuel Adams has seen declining sales of its beer brands.
53 years (May 22, 1969)Sam Calagione / Age
Dogfish Head. These days, the canned cocktail category is growing faster than Bruce Banner after stubbing his toe — and the latest brand to get in on the boozy trend is one of America's oldest craft breweries.
The new lineup of Dogfish Head canned cocktails include Blueberry Shrub vodka soda, Strawberry & Honeyberry vodka lemonade and Cherry Bergamot whiskey sour.