Widmer and Redhook complete merger to become ‘Craft Brewers Alliance’
Widmer Brothers Brewing Company and Redhook Ale Brewery have completed their merger, renaming the combined company Craft Brewers Alliance.
David Mickelson, president and COO of Redhook prior to the merger, and Terry Michaelson, president of Craft Brands Alliance (Redhook and Widmer’s sales and marketing joint venture), will serve as co-CEOs of the combined company.
Kurt Widmer, co-founder of Widmer Brothers, will serve as the company’s chairman of the board. Paul Shipman, who most recently served as Redhook’s chairman and CEO, will serve as chairman emeritus.
The merger resulted in existing Widmer Brothers and Redhook shareholders each holding approximately 50% of the outstanding shares in the combined company. Anheuser-Busch remains a strategic distribution partner for both sets of brands, and holds a minority equity stake in the company.