Trade Resources Industry Views The Riverside Has Acquired Ownership Stake in Uinta Brewing

The Riverside Has Acquired Ownership Stake in Uinta Brewing

US-based equity firm The Riverside has acquired ownership stake in Uinta Brewing for an undisclosed amount.

Riverside's investment is expected to enable Uinta expand its distribution operations and production capacity, and continue new beer development.

Uinta Brewing produced nearly 60,000 barrels of beer during 2013.

Uinta Brewing CEO Will Hamill said: "Their (Riverside's) resources and business acumen, combined with our passion and brewing knowledge will ensure continued momentum for years to come."

Riverside said that Uinta will produce craft beer in a sustainable way using advanced equipment.

Riverside managing partner Loren Schlachet said: "The craft beer movement is expanding significantly and Uinta has enormous growth potential in both new and existing markets."

Founded in 1993, Uinta has completed a $18m brewery expansion recently. 

Source: http://www.drinks-business-review.com/news/equity-firm-riverside-acquires-ownership-in-uinta-brewing-010914-4358046
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Equity Firm Riverside Acquires Ownership in Uinta Brewing