Coronado Brewing To Sell Recently Acquired Monkey Paw Brewing

From Coronado:

Coronado Brewing is announcing their plans to promote the Monkey Paw Brewing model. The transfer comes at a time of turbulence within the trade, and permits Coronado to refocus on its core enterprise targets. “While we were excited about the potential of Monkey Paw, the decision to sell came from the need to refocus our energy toward Coronado Brewing” says Brandon Richards, CEO, Coronado Brewing Company. “We’re confident that the award-winning Monkey Paw brewery has brand equity that can be of value to someone looking to enter the craft industry.”

Coronado Brewing acquired the Monkey Paw model in 2017 and labored to refresh the general aesthetics, together with an overhaul of its East Village pub, in addition to introducing new Lab Monkey IPA cans at retail. The sale of the Monkey Paw model permits Coronado to focus its monetary and human assets on rising the Coronado model. The firm will proceed to function the Monkey Paw pub in downtown San Diego whereas presents are entertained.

“This decision allows us to refocus on all the exciting plans that we have for Coronado,” says Richards. The firm simply launched the second installment of its profitable artwork sequence collaboration with Kelcey “KFish” Fisher, and its seasonal release, Peach Cruiser IPA, is promoting out at retail areas throughout the state.

“We’ve been on a roll with our recent beer releases—we’re giving people the styles they want with designs that are pushing our boundaries,” says Richards. In addition to the latest launches, the corporate has plans to roll out a new lineup of 16oz can choices within the fall, and more barrel-aged and bitter choices in 2019. The firm can be investing in its essential manufacturing facility and tasting room in Bay Park, with a new out of doors beer backyard slated to open in time for the corporate’s 22nd Anniversary celebration on July 28, 2018.

About Coronado Brewing Company

In 1996, when craft beer was nonetheless a international time period and San Diego County was dwelling to solely a handful of breweries, the Chapman brothers Ron and Rick opened a brewpub of their hometown of Coronado. Today CBC stays true to their San Diego roots, brewing abundantly hoppy West Coast-style ales, which can be found right now in 14 US states and 12 international locations. In addition to the long-established pub in Coronado, the corporate opened a tasting room inside its San Diego manufacturing facility in 2013, and a tasting room and restaurant in Imperial Beach, California in 2014. Coronado Brewing Company was honored in 2014 with one of the brewing trade’s most prestigious awards—World Beer Cup Champion Brewery and Brewmaster for a Mid-Size Brewing Company.