Two award-winning San Diego craft breweries are teaming up in just-announced move that will see Coronado Brewing Company (CBC) acquiring a majority stake in Monkey Paw Brewing Company; the deal is scheduled to close on September 1, 2017 for an undisclosed amount.
A release says the merger that will allow Monkey Paw to retain its “independence, integrity, and quality” while being able to access the larger brewery’s resources to expand its draft accounts, grow distribution and rejigger its branding. Coronado Brewing COO Brandon Richard said in a statement that they are also looking into releasing Monkey Paw beer in cans.
Coronado Brewing Company is celebrating its 21st anniversary this month and has two new ventures in the works — a large brewery and restaurant complex in Imperial Beach and a kitchen addition to its Knoxville Street facility. Monkey Paw Brewing Company was established in the East Village in 2011 by Scot Blair, who also runs Hamilton’s Tavern and South Park Brewing Co.; its East Village brewpub, which holds a 10-barrel system, will continue to run as-is. A rep for CBC says it’s too soon to say whether Monkey Paw will be incorporated into the South Bay project.