Sapporo USA to close craft brewing facilities following sale
The beer maker, which will also lay off 220 workers, sold Stone Brewing earlier this year and is transitioning its brewing operations away from California.
The beer maker, which will also lay off 220 workers, sold Stone Brewing earlier this year and is transitioning its brewing operations away from California.
BELLINGS Intelligence Score: 8
Why it matters
The closure of Sapporo USA's craft brewing facilities following the sale of Stone Brewing is a routine corporate restructuring event with limited impact on credit markets or broader financial conditions.
Sources
Supply Chain Dive
Sapporo USA to close craft brewing facilities following sale
The beer maker, which will also lay off 220 workers, sold Stone Brewing earlier this year and is transitioning its brewing operations away from California.