(Oct. 12, 2018) Nantucket-based Cisco Brewers has been sold for $23 million to Craft Brew Alliance (CBA), a publicly-traded beer-brewing and distribution company headquartered in Portland, Ore. in a deal announced Wednesday.
Under the terms of the deal, CBA is purchasing the wholesale side of the operation, which includes the branding and off-island brewing business. The retail side, including the brewery and pub on Nantucket, its off-island pop-up pubs and taprooms, will remain under control of original owners Dean Long, Melissa Long, Randy Hudson, Wendy Hudson and Jay Harman.
None of the original owners will become employees of CBA and Harman will remain as Cisco Brewers CEO going forward. Cisco’s distillery and winery were not part of the sale.
Cisco Brewers was founded in 1995 as Nantucket’s first craft brewery. Since that time the company has grown to include a lineup of craft beers sold in 13 states that includes Whale’s Tale Pale Ale, Grey Lady, Indie IPA, Shark Tracker and Sankaty Light Lager.
The brewery at 5 Bartlett Farm Road is a destination for tourists and islanders alike, with daily live music and food trucks. Cisco recently opened a brewpub in Portsmouth, N.H. and hosted a pop-up pub in Boston.
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