The Long Trail/Otter Creek Sale Press Release…Posted on
Not a lot of new information here but the parties have decided to release a joint statement today making public what I and others have already reported. Understandably at this stage of the proceedings, the breweries have not released details of how their merged enterprises will operate in the future, including about any brand changes.
TWO VERMONT CRAFT BREWERS PLAN TO JOIN FORCES
(Bridgewater Corners, VT) Excitement reigns at two local Vermont breweries in Middlebury and Bridgewater Corners, as word comes of a signed Letter of Intent by Long Trail Brewing Co. to acquire the Otter Creek Brewery, home to Otter Creek and Wolaver’s Certified Organic brands. Long Trail anticipates the completion of the diligence process in the coming weeks.
“We are excited about the potential of two great Vermont companies joining forces,” according to Long Trail Brewing’s CEO, Brian Walsh, “We hold the same, proud Vermont traditions as creators of award winning craft beer. Our roots are in Vermont, and we are looking forward to growing our business together.”
Long Trail and Otter Creek are Vermont’s oldest craft breweries, with a combined brewing history of nearly 40 years. The brands are poised to continue to grow and develop in Bridgewater Corners and Middlebury, Vermont. As Mike Gerhart, Otter Creek and Wolaver’s Brewmaster puts it, “We’re all extremely excited about the partnership with Long Trail. There’s a lot of creativity and talent in this building. Now, we’ll have the resources and tools to up the ante and make each other stronger, pushing the craft beer envelope. At the end of the day, it’s about making great beer.” Bill Hill, Chief Financial Officer at Otter Creek added, “This is a great opportunity for each of Otter Creek’s constituencies; our consumers, our distributors, our suppliers, and our associates.”
Long Trail received the 2009 Vermont Governor’s Award for Environmental Excellence, recognizing the brewery’s innovative approach to preserving and protecting the environment. “Wolaver’s is a natural extension to our ECO Brewing™ program,” said Walsh, “to have a brand with such strong commitment to sustainability, and being one of the first certified organic craft beers in North America.”
Two great, local, craft breweries are now looking toward the future as they continue to develop all three brands, right here in Vermont.