MillerCoors recently announced plans to add an Oregon brewer to its stable of craft beer brands.
The company's Tenth and Blake craft and import division reached an agreement to purchase a majority stake of Eugene-based Hop Valley Brewing Company.
Hop Valley's current management team will continue to lead the company and will retain an ownership stake. Terms of the deal were not disclosed.
“We’re thrilled to join forces with the Hop Valley team to add an incredible roster of brands that complement our portfolio perfectly,” Tenth and Blake CEO Scott Whitley said in a statement.
Hop Valley debuted as a brewpub in nearby Springfield, Ore., in 2009 and subsequently added a brewery and tap room in Eugene. The company's beer -- which MillerCoors said is noteworthy for its India pale ales -- is currently distributed in Oregon, Washington, California, Idaho and Vermont.
Hop Valley officials said that the company’s beer would continue to be made in Oregon while expanding to reach more customers.
“We are very proud of what we have achieved to date and even more excited about the future for our company and our employees,” said co-founder Chuck Hare.
The announcement follows MillerCoors' purchase of San Diego-based Saint Archer Brewing Company in 2015 and came just days after an agreement with Georgia-based Terrapin Beer Company.
Tenth and Blake's divisions also include 10th Street Brewery, AC Golden, Blue Moon Brewing, Jacob Leinenkugel Brewing and European brands Peroni and Pilsner Urquell.