MillerCoors Buys Controlling Share In Saint Archer Brewing, San Diego Craft Brewery

MillerCoors, the second largest beer company in the United States, has announced plans to acquire a majority stake in Saint Archer Brewing, a popular craft brewery in San Diego. The acquisition will include the entire Saint Archer's staff of approximately 50 people, all of whom will be given equity in the company.

"This was about partnering with someone who can help us keep growing and brewing more great beer," Saint Archer's co-founder and president Josh Landan said in a statement.

"From the start, our number one goal was to get Saint Archer to the most people possible." Despite being absorbed into a major company, "all the beers are going to stay the same."

Saint Archer, which is only two years into production, will belong to MillerCoor's craft division, Tenth and Blake, which also controls Crispin Cider Co. and Blue Moon Brewing Co.

"One of the things that was attractive to us is [that Landan] believes and we believe [Saint Archer] can become a strong national player down the road," said Scott Whitley, president of Tenth & Blake. "They have a complementary portfolio of high-quality beers. It's accretive to us instead of layering on top of the business we already have."