Heineken has said it has no plans to buy more craft brewers after acquiring a 50% stake in Lagunitas Brewing Co.

Roland den Elzen, president of Heineken USA, said the Dutch brewer wants to focus on Lagunitas, describing the deal between the two companies as "a real partnership". "We think we just have to make that a big success first," den Elzen said.

In October, Heineken completed its acquisition of a 50% stake in Californian brewer Lagunitas Brewing Co, its first move in the craft beer segment. The company has said it wants to ramp up volumes in the US and explore export opportunities in Europe.

Den Elzen was speaking at a Heineken seminar in New York yesterday alongside the company's regional president for the Americas, Marc Busain, who said Lagunitas will not cannibalise Heineken's existing premium beer brands.

"It's a completely different taste proposition," Busain said. "So I do believe that it's pretty complementary."