Maria Explains it All

Dear Client:   After this morning's news that Sapporo would acquire Stone for a reported $165 million, we got Stone chief Maria Stipp on the horn for more details.  (Read this a.m.'s issue for more. Cliff's Notes: Sapporo is expected to produce “its Sapporo-branded beers for U.S. distribution” at Stone’s two production facilities in Escondido, CA and Richmond, VA; and intends to “brew 360,000 barrels in the U.S. by the end of 2024,” essentially doubling Stone’s current production. Stone Distributing