MillerCoors craft beer division takes majority stake in Hop Valley
Chuck Hare, one of the founders of Hop Valley, said the owners still have "substantial ownership" with the new partnership. He declined to share specific financial aspects of the deal.
Hop Valley operates brewpubs in the Gateway area of Springfield and Whiteaker neighborhood of Eugene.
Their beers are also available in bottles and cans at local grocery stores.
Hare said nothing will change locally about the brewer's operations - other than getting ready to "sell a lot more beer."
“Ultimately, what we really want is to get our beer in as many hands as we possibly can,” Hare said. “And we’re going to get big fast, it’s going to be really cool.”
According to Hare and Tenth and Blake president Scott Whitley, day-to-day operations at the company won’t change.
“One of the things we do not want to do is get in the way of the great work these folks do,” Whitley said. “So the current management team stays in place, the current employee base stays in place, and they continue to do the things they’re doing to build a great company.”
He said the deal will give Hop Valley access to a bigger distribution network, describing Tenth and Blake and MillerCoors as like a "big brother."