US: Bootie Beer strikes share deal
Independent US brewer Bootie Beer has struck a share deal with mystery European investors as it looks to fund expansion in its key markets.
The Wisconsin-based brewer has agreed to sell 10m shares to a "European investment group" for an undisclosed sum.
"The investment agreement and financial relationship is an exciting and positive step towards achieving the company's business model objectives and enhancing shareholder equity," said Bootie Beer CEO Tania M. Torruella yesterday (31 January).
"The European investment group is a big endorser of the Bootie Beer business model, resulting in indications of follow-on financing to support our growth strategy."
The company said its premium brands had been "enthusiastically received", adding that it planned to give increased support to its distributors and wholesalers to drive sales in key markets across the US.
Sectors: Beer & cider
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