Schlafly Gets Local Investor Group To Buy Stake in Brewery

Schlafly Beer, made by The Saint Louis Brewery has sold 60% of their operation to local investors. Read on for the details and link for more information on this important announcement.

The Saint Louis Brewery, Inc., brewer of Schlafly Beer has signed a purchase agreement that will transfer a 60% ownership interest in the business to a local investor group led by Wes Jones and John Lemkemeier of St. Louis and including David Schlafly, also of St. Louis, the first cousin of Tom Schlafly, Co-Founder and President of the company.   The agreement provides for closing upon issuance of necessary licenses and permits from federal, state and local governments, a process that could take several months.

Tom Schlafly said, “The agreement with Wes and John meets the criteria we set back in June of 2010, when we first discussed a succession plan for ownership of the brewery. Senior and long-term employees will be able to purchase stock in the company; and I’m transferring a majority interest to local investors committed to keeping the business in St. Louis.”

Mr. Schlafly will initially retain an interest of approximately 20% and serve as Chairman of the Brewery.   Dan Kopman, Co-Founder and current Chief Operating Officer, will own at least a 10% interest and serve as Chief Executive Officer.   Ten percent (10%) of the business will be available for purchase by eligible employees.

Read the rest of the article in it’s entirety with photos by following this link: http://www.schlafly.com/community/blog/2012/01/04/local-investor-group-to-buy-stake-in-schlafly-beer/