Coronado Brewing Announces Sale of Newly Acquired Monkey Paw Brewing
(SAN DIEGO, CA) – In a rapidly evolving craft beer landscape, Coronado Brewing Company is announcing plans to sell the Monkey Paw Brewing brand. The move comes at a time of turbulence in the industry, and allows Coronado to refocus on its core business objectives. “While we were excited about the potential of Monkey Paw, the decision to sell came from the need to refocus our energy toward Coronado Brewing” says Brandon Richards, CEO, Coronado Brewing Company. “We’re confident that the award-winning Monkey Paw brewery has brand equity that can be of value to someone looking to enter the craft industry.”
Coronado Brewing acquired the Monkey Paw brand in 2017 and worked to refresh the overall aesthetics, including an overhaul of its East Village pub, as well as introducing new Lab Monkey IPA cans at retail. The sale of the Monkey Paw brand allows Coronado to focus its financial and human resources on growing the Coronado brand. The company will continue to operate the Monkey Paw pub in downtown San Diego while offers are entertained.
“This decision allows us to refocus on all the exciting plans that we have for Coronado,” says Richards. The company just released the second installment of its successful art series collaboration with Kelcey “KFish” Fisher, and its seasonal release, Peach Cruiser IPA, is selling out at retail locations across the state.
“We’ve been on a roll with our recent beer releases—we’re giving people the styles they want with designs that are pushing our boundaries,” says Richards. In addition to the recent launches, the company has plans to roll out a new lineup of 16oz can offerings in the fall, and more barrel-aged and sour offerings in 2019. The company is also investing in its main production facility and tasting room in Bay Park, with a new outdoor beer garden slated to open in time for the company’s 22nd Anniversary celebration on July 28, 2018.
For more information about the company’s beers and locations, visit www.coronadobrewing.com.
Stay Coastal. Cheers.
About Coronado Brewing Company
In 1996, when craft beer was still a foreign term and San Diego County was home to only a handful of breweries, the Chapman brothers Ron and Rick opened a brewpub in their hometown of Coronado. Today CBC stays true to their San Diego roots, brewing abundantly hoppy West Coast-style ales, which are available today in 14 US states and 12 countries. In addition to the long-established pub in Coronado, the company opened a tasting room inside its San Diego production facility in 2013, and a tasting room and restaurant in Imperial Beach, California in 2014. Coronado Brewing Company was honored in 2014 with one of the brewing industry’s most prestigious awards—World Beer Cup Champion Brewery and Brewmaster for a Mid-Size Brewing Company.