Spanish Beer Makers Mahou San Miguel Acquire Stake in Avery Brewing

Spanish company Mahou San Miguel has purchased a minority share of Avery Brewing in Boulder, Colorado.

According to Mahou San Miguel, the company has acquired a 30 percent stake in the brewery. If that name sounds relatively familiar, that’s because Mahou San Miguel also owns 30 percent of Michigan’s Founders Brewing.

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Avery was founded in Boulder in 1993. They recently opened a new Boulder facility. Founder Adam Avery announced the deal in a news release Tuesday morning.

“Dad and I decided 2 years ago that in order to fulfill our vision of the new brewery and all of Avery Brewing’s potential, it made a lot of sense to seek a partner,” Avery said in the release.

Avery ranked 48 out of the Top 50 craft brewers based on beer sales volume in 2016, according to data from the Brewers Association, CraftBeer.com’s parent organization. The Brewers Association defines a craft brewer as small, traditional and independent, in which less than 25 percent of a brewery is owned or controlled by a beverage alcohol industry member other than the brewery itself. Mahou San Miguel’s 30 percent acquisition is above the 25 percent limit.

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Mahou San Miguel produces over 70 percent of the Spanish beer consumed worldwide and is present in 70 countries.

Jess Baker

Jess Baker walked into a beer fest in 2010 and realized beer had come a long way from what her dad had been drinking since the 70s. She served as editor-in-chief of CraftBeer.com from spring 2016 to spring 2020, bringing you stories about the people who are the heartbeat behind U.S. craft brewing. She's a runner, a die-hard Springsteen fan, a mom who is always scouting family-friendly breweries, and always in search of a darn good porter.

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