US: Boston Beer makes back-up land purchase

By | 3 September 2007

The Boston Beer Co. has purchased a plot of land in Freetown, Massachusetts, according to reports.

A report in the Boston Business Journal on Friday (31 August) said that the brewer has spent US$6m on 52.6 acres as a possible backup site for a new brewery and is simultaneously working to purchase an existing brewery 60 miles outside of Philadelphia for $55m. Boston Beer made the purchase from the Campanelli Cos, the paper noted.

A spokesperson for Boston Beer said that there are currently no plans for the Freetown site, but that if it finalises the acquisition of the Philadelphia brewery from Diageo North America, then it would look to sell the Freetown land.

Last month, Boston Beer signed a purchase and sale deal with Diageo North America for the Philadelphia site, with the Freetown land purchase serving as a backup option, the paper reported, since the brewer would prefer to buy an existing brewery rather than build.

The Samuel Adams brewer has been searching for brewery locations for over a year, according to a the brewer's real estate broker GVA Williams. The broker said that Boston Beer chose Freetown due to its access to the highways and rail links.

Boston Beer currently operates two breweries, one in Boston's Jamaica Plain neighbourhood and the one in Cincinnati, which will remain open regardless of Boston Beer's decision to open another brewery.

Sectors: Beer & cider

Companies: Diageo, Boston Beer Co.

View next/previous articles

Currently reading -

US: Boston Beer makes back-up land purchase

There are currently no comments on this article

Be the first to comment on this article

Related articles

just the round-up - The week in drinks

The top ten most visited stories on just-drinks this week:

S AFRICA: DGB appoints former Diageo man as MD

DGB has announced a change of managing director.

Spotlight - Movers and shakers target rum category

Recent deals by both Diageo and Edrington underline the growth potential major spirits companies see in the premium rum market. Jessica Harvey examines the latest moves in the context of a growing and vibrant international spirits category.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page