Spain-based Mahou San Miguel has acquired 30% stake in US-based Founders Brewing for an undisclosed amount.
The acquisition forms a part of the company's strategy to continue exploring growth opportunities internationally.
Founders will use Mahou's international distribution network to access the emerging craft beer community around the world.
Headquartered in Michigan, Founders Brewing offers a wide range of beers, which are distributed across 32 US states.
Mahou San Miguel president Javier López del Hierro said: "We see our investment in Founders as a great source of learning, innovation and transformation for Mahou San Miguel in the hugely attractive and innovative market that USA represents, which is indeed the beer market of more value worldwide. A market which sets consumer trends, with huge prospects for growth to which our company and our brands have much to contribute.
"Founders is using its know-how, which combines product and commercial excellence, to stand out in the high-value beer segment which now represents 15% of overall sales in the USA, growing by 20% per year."
Mahou San Miguel has production facilities in Alovera, Guadalajara; Beteta, Cuenca; Burgos; Candelaria, Tenerife; Córdoba; Granada; Lleida; Los Villares, Jaén; Málaga; and Bhiwadi, India.
It sells its beer in over 50 countries including UK, Germany, Italy, Nordic countries, USA, Chile, Guinea, Cameroun, China, India.
Image: Mahou San Miguel and Founders Brewing will together lead innovation in brewing trends worldwide. Photo: courtesy of Mahou San Miguel.
