In an effort to expand globally, independent brewery BrewDog, announced it has plans to acquire land in Columbus, Ohio for a first brewery outside of Scotland.
Reportedly, BrewDog stated that Columbus is one of two cities it was looking at for in its U.S. operation search. It was also revealed that the brewery hoping to receive 42 hectare site in the city (it is still unknown exactly where this land is located).
James Watt, co-founder of BrewDog, told UK brewery blog, Total Ales
“There are two locations on the short list, one in Columbus, Ohio and another in Charleston, South Carolina. Columbus is one option, probably the preferred option at the moment, but we haven’t completely finalized that. Within 500 miles of Columbus you’ve got half the American population, so distribution wise it makes a lot of sense.”
Watt also added that another reason why BrewDog is looking towards the East Coast is because it is closer to Scotland:
“It’s an area that’s also going through a good period of regeneration. They’re really keen to attract new companies and for them to come and make it their home. It’s also got a fantastic beer scene so for us it makes sense.”
Although some media outlets reported that the brewery has already purchased the land, Watt confirmed on Twitter that it is only in talks at this present time:
Just to clarify. We are *close* to a deal for a site in Columbus, Ohio. But we have some details to agree. So not 100% yet. Watch this space
— James Watt (@BrewDogJames) June 9, 2015
Previously, BrewDog launched a campaign called Equity for Punks to raise £25 million, which will be the largest equity crowdfunding round in the UK to date. This initiative makes it the fourth time the brewery has gone to its fans and supporters to raise funding. BrewDog will sell 526,316 shares with a minimum purchase of £95 for 2 shares.
BrewDog also formed a strategic partnership with US based Stone Brewing for import and distribution. Watt added:
“Our growth has shown that with a healthy disregard for the impossible you can achieve anything. When we launched in 2007, we never expected to be where we are today, but our success continues to prove that there is an insatiable thirst for great craft beer, and a huge opportunity for businesses doing things differently to thrive in challenging economic times.”
The brewery has since raised over £5 million.
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