Tenth and Blake Beer Company, the craft and import division of MillerCoors, announced Wednesday an agreement to acquire a majority interest in Athens, Georgia-based Terrapin Beer Company. Tenth and Blake had previously purchased a minority interest in Terrapin in early 2012.
Terrapin will operate as a business unit of Tenth and Blake, according to a press release sent out by Tenth and Blake on Wednesday morning. Terrapin’s management and team will remain in place, the release said.
With the acquisition, Terrapin joins Blue Moon Brewing Company, Jacob Leinenkugel Brewing Co. and Saint Archer Brewing Co. as Tenth and Blake brands. The terms of the purchase weren’t disclosed, but the transaction is expected to complete in August 2016.