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ATHENS, Ga. — MillerCoors LLC’s Tenth and Blake Beer Co. craft and import division added plenty of “turtle power” to its lineup, acquiring a majority stake in Terrapin Beer Co. for an undisclosed sum. Tenth and Blake previously purchased a minority stake in Terrapin in 2012.
“Bringing Tenth and Blake on years ago allowed us to get to know each other better and realize the incredible potential of becoming a majority-owned partner with Tenth and Blake and MillerCoors,” said Brian “Spike” Buckowski, Terrapin Beer Co. co-founder and vice president of brewing development. “With Tenth and Blake’s dedication to helping us grow and their passion for creating high-quality craft beers, we knew it would be the perfect partnership. We look forward to continuing to create innovative beers to share with beer lovers nationwide.”
Athens-based Terrapin will operate as a business unit of tenth of Blake. According to MolsonCoors, Terrapin’s management team will continue to “create, brew, package, ship and sell Terrapin’s acclaimed portfolio of brands.”
“The team at Terrapin is so passionate and committed to brewing such terrific beers that we are thrilled to welcome them deeper into the Tenth and Blake family,” said Scott Whitley, president and CEO of Tenth and Blake. “As owners, our job is to work collaboratively with its team to support its continued success with their innovative, award-winning beers that complement our portfolio perfectly.”
Terrapin was founded by Buckowski and John Cochran in 2002 with a goal to brew beers unlike any other in the Southeastern U.S., according to the company. It’s known for its 84,000-square-foot brewery and its Hopsecutioner, HI-5 and RecreationAle beers, as well as its first brew, Rye Pale Ale.
Terrapin joins Blue Moon Brewing Co., Jacob Leinenkugel Brewing Co. and Saint Archer Brewing Co. among the brands in the Tenth and Blake portfolio.