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Asahi snaps up Mountain Goat

11742948_10153022246791305_1873675284321760559_nJapanese drinks giant, Asahi Beverages, has acquired a 100 per cent ownership stake in Melbourne-based craft beer brewer, Mountain Goat, for an undisclosed sum.

Mountain Goat was started in 1997 by Cam Hines and David Bonighton, who have both confirmed they will remain with the company following the takeover.

“We’re sticking around. We want to ensure focus remains on the beer, on it’s quality of course, but also to continue to innovate and collaborate with other passionate members of the craft beer community. This was a key aspect of the sale for both sides,” the co-founders said in a joint statement.

“We’ve been contract partners with Asahi for three years now, and with their expert help our beer has grown in demand, expanded nationally, and found a special place with beer lovers. We are confident that with Asahi on board, we will be able to convert many more people to craft beer than we could do on our own.”

The co-founders also confirmed Mountain Goat will continue to operate as a standalone business.

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