Appalachian Mountain Brewery has signed a letter of intent to acquire North Carolina Natural Energy (NCNE), in a strategic move to prepare for wholesale distribution of its craft beer.
Based in Florida, North Carolina Natural Energy (NCNE) will change its name to Appalachian Mountain Brewery and begin trading as a craft brewery.
Terms of the deal have been agreed upon and approved by both parties with closing expected before the end of 2013.
NCNE offers wholesale liquor, beer and wine license with US Alcohol and Tobacco Tax and Trade Bureau as well as access to the public markets.
NCNE shareholder Mike Pruitt said that Sean and his team have created international craft beers that are gaining brand recognition throughout their region.
"We look forward to showcasing AMB's craft beers in our restaurants and assisting in its regional distribution. Our Company will continue to assist AMB in its growth and expansion to becoming a global brand," Pruitt added.
Appalachian Mountain Brewery founder Sean Spiegelman will be appointed as the CEO of the publicly traded company and will manage the brewery.
