Founders Brewing Co. merges into Spain-based parent company

Founders Brewing Co. merges into Spain-based parent company
Grand Rapids-based Founders Brewing Co. opened a taproom in Detroit in 2017.

Founders Brewing Co. has been absorbed into a group that includes the Spanish brewer that purchased a majority stake in the Grand Rapids-based company in 2019.

Founders and Colorado-based Avery Brewing Co. merged with Mahou Imports into Mahou USA, effective today, according to a news release.

Mahou Imports in 2019 purchased a 90 percent stake in Founders, which in 2014 sold a 30 percent stake to Mahou to help bolster Founders’ expansion.

Read the full story from Crain’s Detroit Business.