Heineken Acquires Remaining Stake in Lagunitas

Dear Client:Heineken has bought out the remainder of Lagunitas, having entered into a 50/50 JV with the California brewer back in 2015.The transaction been completed with immediate effect. Financial terms were not disclosed.Back then, Lagunitas founder Tony Magee had stressed that the deal was with Heineken global, and had little to do with HUSA.Today's announcement purports that Lagunitas will continue to operate as a separate business entity within Heineken, reporting into their Americas region. (For context, HUSA, Heineken Mexico and