Craft Brewers Alliance Inc. to purchase Kona Brewing for $13.9 million

on 11/08/10 at 1:03 am


Portland-based Craft Brewers Alliance Inc. said Tuesday it will pay $13.9 million for Hawaii’s Kona Brewing Co., cementing what had been a nine-year partnership.

Under the agreement, Kona will become a wholly owned subsidiary of Craft Brewers, which also distributes the beers of Chicago’s Goose Island Brewery. Craft Brewers was formed with the merger of Portland’s Widmer Brothers Brewing and Woodinville, Wash.,-based Redhook Ale Brewery in 2008.

{Full story via The Oregonian}