Newman Koch Team Up

According to various industry publications, Jim Koch, Boston Beer founder and Magic Hat founder Alan Newman are joining forces to create a company that will develop new ideas in the craft category.

The company, which will be an wholly owned subsidiary of Boston Beer, will be headquartered in Burlington, Vt., where Newman lives and past hometown of Magic Hat before it was sold to Pyramid Breweries which in tern has been acquired by North American Breweries (NAB) group.

It’s not clear exactly what the company will do or produce, but ideas such as creation of new brands, importing and mergers and acquisition opportunities have been mentioned.