Paso Robles, California – Firestone Walker Brewing Company is thrilled to announce the return of its iconic Wookey Jack, a Black Rye IPA with an 8.3% ABV, for a limited seasonal release. First crafted over a decade ago, this beloved beer has earned a cult following and three gold medals at the Great American Beer Festival. Now available in six-packs (12-ounce cans) and on draft across all Firestone Walker markets, Wookey Jack is ready to captivate both longtime fans and new drinkers with its unique blend of bold flavors and striking appearance.

Brewmaster Matt Brynildson describes Wookey Jack as a standout in the Firestone Walker lineup, noting, “It’s a fan favorite that surprises with its dark, stout-like look but drinks like a vibrant IPA.” True to its original recipe, this edition features rich, roasted dark malts and spicy rye for a rustic grain character, complemented by a robust dry-hop blend of Citra and Amarillo hops. The result is a balanced IPA with toasty rye notes, citrusy brightness, and a crisp finish, making Wookey Jack a must-try for craft beer enthusiasts seeking something bold yet approachable.

Origin Story
Wookey Jack was first brewed in 2012 as Firestone Walker’s riff on the emerging Black IPA style.

Wookey Jack came into the world at a time when Cascadian Dark Ales were starting to storm into California from the Pacific Northwest. Also known as Black IPAs, these beers brought a unique regional expression to the exploding IPA genre.

With Black Rye IPAs gaining a foothold, Brynildson decided to put his own stamp on the style, adding rye malt to bring a spicy, rustic element to the beer he would call Wookey Jack. It was an instant hit that would spawn many imitators. After later going on hiatus, Wookey Jack has re-emerged in recent years as a seasonal release.

“It’s a beer that just seems right for fall and winter,” Brynildson said. “The Wookey never dies—it just hibernates.”

About Firestone Walker Brewing
Firestone Walker Brewing Company was born in 1996 on a family vineyard in California’s Central Coast, founded by brothers-in-law Adam Firestone and David Walker with a passion for crafting exceptional beer. Starting with a makeshift brewhouse cobbled together from second-hand dairy tanks and winemaking equipment, they pioneered their signature Double Barrel Ale (DBA) using the patented Firestone Union system, a nod to traditional British brewing that ferments beer in oak barrels. By 2001, the brewery relocated to Paso Robles, establishing a state-of-the-art facility that laid the foundation for national acclaim. Their commitment to quality and innovation, paired with a deep connection to the Central Coast’s agricultural roots, helped Firestone Walker grow from a small operation to a craft beer powerhouse, producing over 500,000 barrels annually by 2021 while maintaining a fiercely independent spirit.

At the heart of Firestone Walker’s success is Brewmaster Matt Brynildson, affectionately dubbed “Merlin” for his alchemical touch. Joining in 2001 after stints as a hop chemist and brewer at Goose Island, Brynildson brought a scientist’s precision and artist’s creativity, elevating the brewery with iconic beers like Union Jack IPA, Luponic Distortion, and the barrel-aged Parabola. His expertise earned Firestone Walker four World Beer Cup Champion Brewmaster titles and six Great American Beer Festival Brewer of the Year awards, cementing his reputation as a craft beer legend. Brynildson’s innovative approach, from experimenting with hop blends to mastering barrel-aging, has kept Firestone Walker at the forefront of the industry, blending tradition with bold experimentation to create beers that resonate with enthusiasts worldwide.

More at 805beer.com and FirestoneWalker.com

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Colorado’s mountain breweries are a craft beer lover’s dream, scattered across the Rocky Mountains in charming high-altitude towns that blend rugged beauty with hoppy creativity. From Frisco’s Outer Range Brewing Co. at 9,097 feet, pouring juicy In The Steep Hazy IPA, to Telluride Brewing Company in the San Juan Mountains at 8,750 feet, crafting the nutty Face Down Brown, these spots thrive on pristine snowmelt and local ingredients. Broken Compass in Breckenridge (9,602 ft) delivers tropical vibes with its Coconut Porter, while Casey Brewing & Blending in Glenwood Springs (5,761 ft) transforms local fruit into funky Fruit Stand sours. Knotted Root in Nederland (8,230 ft) keeps it eclectic with Cloud City Hazy IPA, showcasing the state’s knack for pairing alpine air with bold flavors.

Further afield, Elevation Beer Co. in Poncha Springs (7,464 ft) serves piney First Cast IPA near Monarch Mountain, and Vail Brewing Company in Eagle-Vail (7,500 ft) pours resinous Gore Creek IPA for après-ski crowds. Westbound & Down in Idaho Springs (7,526 ft) fuels I-70 travelers with Westbound Double IPA, while HighSide Brewing in Frisco (9,097 ft) keeps it crisp with First Cast IPA. Bonfire Brewing in Eagle (6,601 ft) rounds out the list with Rope Drop Hazy IPA, perfect for patio sessions with mountain views. These breweries, nestled in Colorado’s peaks, craft beers that capture the spirit of adventure, from hop-forward IPAs to rich stouts, making every sip a toast to the high country.

Top 10 Colorado Mountain Breweries

1. Outer Range Brewing Company
Nestled in Frisco, where the Tenmile Range looms like a snowy sentinel, Outer Range Brewing Company is your après-ski haven. Picture yourself stomping snow off your boots, the air crisp with pine, as you step into a taproom buzzing with mountain energy. The views of Mount Royal beckon through the windows, but it’s the beer that keeps you grounded—bold, hoppy IPAs and delicate Belgian-style ales crafted with the precision of a snowboarder carving fresh powder.

Their brews, like the In the Steep IPA, burst with citrusy hops that feel like a sunny day on the slopes, while the L’Ours Saison whispers of wildflowers tucked in alpine meadows. Outer Range’s pet-friendly vibe means your trail dog can join you, sprawled by the bar as you sip a hazy IPA, toasting to another day conquering Summit County’s peaks. It’s not just a brewery; it’s a love letter to the mountain lifestyle, where every pint feels like a summit celebration.
Website: https://www.outerrange.com

2. Casey Brewing & Blending – Glenwood Springs
Tucked along the roaring Roaring Fork River in Glenwood Springs, Casey Brewing & Blending is a sour beer lover’s paradise that feels like a secret hideout for flavor adventurers. This gem crafts farmhouse ales and barrel-aged sours with over 99% local Colorado ingredients, transforming peaches, cherries, and even the mountain air into liquid art. The taproom, a cozy nook with rustic wooden vibes, invites you to sip slowly while soaking in the aroma of oak barrels and the nearby scent of BBQ from the joint next door. It’s the kind of place where you’ll want to linger, debating whether to try another funky sour or just marvel at the snow-capped peaks peeking through the window.

What makes Casey truly special is its obsession with the craft—every beer is a love letter to patience, with some brews aging for years before they hit your glass. The Fruit Stand series, bursting with local stone fruit, is like drinking a Colorado summer, while their experimental blends might make you feel like you’ve stumbled into a mad scientist’s lab (in the best way). Pair your pint with a sunset soak at the nearby hot springs, and you’ve got a day that screams mountain magic. Whether you’re a sour nerd or just curious, Casey’s taproom is a must-visit for anyone chasing bold flavors in a laid-back, high-altitude haven.
Website: https://caseybrewing.com/

3. Westbound and Down Brewing Company
In Idaho Springs, where the Rockies’ rugged heart beats loud, Westbound and Down Brewing Company channels the Wild West into every pour. Tucked along Clear Creek, the taproom feels like a saloon for modern adventurers, with mountain air wafting in and the echo of I-70 humming nearby. After a day hiking or skiing Loveland Pass, you’ll find solace in their cozy space, where the spirit of the frontier meets craft beer innovation.

Their lineup, like the Juicy IPA or Double IPA, packs a hoppy punch as bold as a miner’s dynamite, while the Colorado Pale Ale nods to the state’s golden aspen groves. Each sip tells a story of the West—rugged, free, and a little rebellious. Whether you’re warming up by the bar or pairing a pint with grub from the neighboring Buffalo restaurant, Westbound and Down is your pitstop for mountain-fueled refreshment.
Website: https://www.westboundanddown.com

4. Telluride Brewing Company – Telluride
Nestled in the jaw-dropping San Juan Mountains, Telluride Brewing Company is where snowmelt meets hoppy dreams, brewing beers that taste like they were born from the peaks themselves. This Telluride treasure, perched at 8,750 feet, crafts everything from crisp lagers to the legendary Face Down Brown using pure Rocky Mountain water and a knack for balance. The taproom’s vibe is pure mountain town—think flannel-clad locals, ski bums, and hikers swapping stories over pints while live music hums in the background. Step onto the patio, breathe in the alpine air, and you’ll swear the beers taste better with those 14,000-foot peaks staring you down.

Telluride Brewing is the kind of place where you’ll want to toast to every adventure, whether you just shredded the slopes or survived a bumpy Jeep trail. Their Face Down Brown, a nutty, award-winning gem, is the perfect fireside companion, but don’t sleep on their hoppy Whacked Out Wheat for a zesty twist. With a food truck often parked nearby slinging tacos, you can fuel up for round two while planning your next hike. It’s not just a brewery—it’s a love letter to Telluride’s rugged, free-spirited soul, where every sip feels like a high-five from the mountains.
Website: https://www.telluridebrewingco.com/

5. Cabin Creek Brewing – Georgetown 
Perched on the shimmering shores of Georgetown Lake, Cabin Creek Brewing is a high-altitude haven where craft beer and mountain magic collide in historic Georgetown, just off I-70. This family-friendly brewpub, voted Colorado’s Best New Brewery in 2020, feels like a cozy ski chalet with cathedral ceilings and over 50 windows framing jaw-dropping Rocky Mountain views. Sip on a frosty Pounder Foeder-Fermented Pils, brewed with snowmelt straight from the peaks, or savor the rich, coffee-kissed Cheaters Mocha Oatmeal Stout while munching on artisan pizza or a bison-loaded Mountain Burger. The sprawling patio, complete with heaters and quirky ice-fishing tents, begs you to kick back with a pint and soak in the crisp alpine air after a day of hiking or skiing.

Cabin Creek’s vibe is all about blending old-school Western grit with new-school brewing flair, thanks to a passionate team of five Coloradan founders who built this gem from the ground up. Their beers, like the hoppy Trail Tag Hazy IPA or the malty Slinger House Lager, are as bold as the silver miners who once roamed Georgetown’s streets. Pair that with a Thai chile chicken pizza or crispy fried chicken sandwich, and you’ve got a meal that fuels your next adventure. Dog-friendly and community-driven, this lakeside hotspot is where locals and I-70 travelers swap stories, toast to the “Silver Queen of the Rockies,” and maybe even plan a winter yurt session. Cabin Creek isn’t just a brewery—it’s a love letter to Colorado’s wild heart.
Website: https://www.cabincreekbrewing.com/

6. Tommyknocker Brewery
Idaho Springs’ Tommyknocker Brewery is the granddaddy of mountain breweries, slinging pints since 1994 in a town carved from mining history. The taproom, steps from Clear Creek, hums with the ghosts of gold rush days and the clink of glasses raised to modern mountain escapades. With the Rockies towering overhead, it’s a spot where time slows, and the beer flows.

Their Maple Nut Brown Ale is a sweet, nutty ode to autumn in the mountains, while the Pick Axe IPA cuts through with a hoppy edge as sharp as a miner’s tool. Tommyknocker’s brews are as timeless as the peaks, pairing perfectly with their homemade sodas or a hearty meal at the attached brewpub. This is where you come to taste Colorado’s soul, one pint at a time.
Website: https://www.tommyknocker.com

7. Broken Compass Brewing Company
Breckenridge’s Broken Compass Brewing Company is a love song to the Rockies, tucked in a ski town where the peaks of the Tenmile Range steal your breath. The taproom, a short trek from the slopes, buzzes with the energy of skiers and hikers swapping tales of powder days. With views of snow-capped summits, it’s a place where the mountain lifestyle flows as freely as the beer.

Their Coconut Porter is a cult favorite, wrapping you in roasty warmth like a fireside chat, while the Camp Hale Kolsch is crisp and refreshing, like a dip in an alpine lake. Broken Compass crafts beers for everyone who loves the mountains, from snowboarders to trail runners. Sip an Irish Red, and feel the caramel sweetness linger as you plan your next Breck adventure.
Website: https://www.brokencompassbrewing.com

8. Elevation Beer Co. – Poncha Springs
In the heart of Chaffee County’s mountain playground, Elevation Beer Co. in Poncha Springs is your go-to for bold beers and cabin-in-the-woods vibes at 7,464 feet. Surrounded by the Sangre de Cristo and Collegiate Peaks, this brewery feels like a basecamp for explorers, serving up everything from hoppy IPAs to velvety stouts in a taproom that’s equal parts cozy and rugged. The dog-friendly patio is a hit with furry friends, and the firepit makes chilly evenings feel like a group hug from the Rockies. It’s the perfect spot to refuel after a day of rafting, skiing Monarch, or just pretending you’re a mountain hermit.

Elevation’s beers are as adventurous as the folks who drink them, with standouts like First Cast IPA delivering piney, citrusy punches that scream Colorado. Their barrel-aged series, like the decadent Oil Man Imperial Stout, is for those who want to sip something as big as the peaks outside. The taproom’s rotating food trucks and live music keep the energy high, and the staff’s passion for craft beer is contagious. Whether you’re a local or a road-tripper passing through, Elevation Beer Co. is a high-altitude hug that’ll leave you buzzing with mountain fever and a new favorite brew..
Website: https://www.elevationbeerco.com/

9. Rock Cut Brewing Company
Estes Park’s Rock Cut Brewing Company is your gateway to Rocky Mountain National Park, where elk roam and the peaks pierce the sky. The taproom, with its rustic charm and mountain views, feels like a basecamp for adventurers. After hiking Longs Peak or spotting wildlife, you’ll find the patio alive with laughter and the clink of glasses under a starry alpine night.

Their Longs Peak Porter is a dark, roasty tribute to the iconic summit, perfect for cozying up after a chilly day, while the Trail Ridge IPA bursts with citrusy hops that echo the vibrancy of a mountain sunrise. Rock Cut’s beers are brewed with the spirit of exploration, each sip a nod to the wild beauty just outside Estes Park. Grab a pint, share stories of the trail, and let the Rockies steal your heart.
Website: https://www.rockcutbrewing.com

 
10. Aspen Brewing Company
In the glitzy heart of Aspen, where the Roaring Fork Valley cradles snow-dusted peaks, Aspen Brewing Company is a locals’ favorite that hums with mountain swagger. The taproom, steps from the Silver Queen Gondola, is a cozy retreat where skiers and hikers mingle, swapping stories of powder stashes and trail triumphs. With the Elk Mountains looming, every pint feels like a toast to alpine glory.

Their Independence Pass IPA is a hoppy powerhouse, as bold as the winding road it’s named for, while the This Season’s Blonde is light and crisp, like a sunny day on the slopes. Brewed with pure mountain water, Aspen’s beers capture the essence of this iconic town—wild, refined, and utterly refreshing. Kick back with a flight, soak in the vibe, and let the mountains work their magic.
Website: https://www.aspenbrewingcompany.com

Top 10 Beer Festivals in America plus a few more: https://beerinfo.com/top-10-beer-festivals/

History of Jack McAuliffe and New Albion Brewing

Early Life

John R. “Jack” McAuliffe was born on May 11, 1945, in Caracas, Venezuela, to John McAuliffe, a translator of German documents for the FBI during World War II, and his wife. The family moved frequently due to his father’s career with the U.S. Department of State, living in Honduras, Colombia, and eventually Fairfax, Virginia, where Jack spent much of his childhood. As a teenager, he developed an interest in welding, volunteering with a local welder, which honed his mechanical skills—skills that would later prove instrumental in building his brewery.

Founding New Albion Brewing Company

In 1975, Jack McAuliffe found a suitable rental property—a former agricultural warehouse outside Sonoma, California—and quit his engineering job to pursue his dream. With approximately $5,000 and the help of business partners Suzy Stern (née Suzanne Denison) and Jane Zimmerman, who each contributed $1,500, he founded the New Albion Brewing Company in October 1976. The name “New Albion” paid homage to Sir Francis Drake’s term for the San Francisco Bay Area and a historic San Francisco brewery, Albion Brewery. McAuliffe, Stern, and Zimmerman worked together to transform the warehouse into a functional brewery, with McAuliffe designing and building much of the equipment himself.

Using salvaged materials, including 55-gallon Coca-Cola syrup drums, a World War II-era bottle washer, and a 1910 semi-automatic labeler, McAuliffe constructed a gravity-fed, 7.5-barrel brewing system. The brewery produced three core beers: a pale ale, a porter, and a stout, all bottle-conditioned for five weeks rather than pasteurized, a technique that preserved flavor and set them apart from mass-market beers. The pale ale, brewed with American Cascade hops and a two-row malt blend, was particularly innovative, introducing bright, citrusy flavors that became a hallmark of American craft beer.

New Albion brewed its first batch in 1977, becoming the first modern microbrewery in the United States since Prohibition. Despite its small scale—producing about 450 barrels annually at its peak—the brewery quickly gained attention. Publications like The New York Times, The Washington Post, and Brewers Digest visited, spreading word of McAuliffe’s pioneering efforts. Local Sonoma restaurants embraced the beers, and the brewery’s reputation grew among beer enthusiasts.

Challenges and Closure

Despite its critical success, New Albion faced significant challenges. The craft beer market was virtually nonexistent in the late 1970s, and McAuliffe struggled with a lack of small-scale brewing equipment, limited financing, and resistance from retailers and distributors accustomed to mass-produced lagers. Consumers often found the robust flavors of New Albion’s beers unfamiliar. The brewery’s small size and inability to scale production hindered profitability.

McAuliffe sought to expand and open a brewpub, which required navigating restrictive California laws that prohibited on-premises alcohol sales. Alongside Fritz Maytag of Anchor Brewing, he lobbied California assemblyman Tom Bates, contributing to the passage of Assembly Bill 3610 in 1983, which legalized brewpubs. However, New Albion’s financial struggles proved insurmountable. In November 1982, after six years, the brewery brewed its final batch and closed, leaving Jack McAuliffe and his partners, particularly Stern, in debt.

Post-New Albion and Retreat from Brewing

Disheartened by New Albion’s failure, McAuliffe left the brewing industry, taking a job at Mendocino Brewing Company (formerly Hopland Brewery) briefly before returning to engineering. He moved to Las Vegas and later San Antonio, Texas, living a low-profile life and avoiding the burgeoning craft beer scene. For years, he remained an elusive figure, known to many in the industry only through legend.

Meanwhile, New Albion’s legacy grew. The brewery’s equipment was acquired by Mendocino Brewing, and former employee Don Barkley became its head brewer. McAuliffe’s innovative use of Cascade hops and his blueprint for small-scale brewing inspired a generation of brewers, including Ken Grossman of Sierra Nevada, Jim Koch of Boston Beer Company (Samuel Adams), Gordon Bowker of Redhook Ale Brewery, and homebrewer Charlie Papazian, founder of the Brewers Association.

Revival and Recognition

In 2005, historian Maureen Ogle tracked down McAuliffe for her book Ambitious Brew: The Story of American Beer, bringing renewed attention to his contributions. In 2010, Sierra Nevada invited McAuliffe to collaborate on “Jack & Ken’s Ale,” a barleywine commemorating the brewery’s 30th anniversary, marking his tentative return to the industry. In 2011, he attended the Craft Brewers Conference in San Francisco, receiving a standing ovation and reconnecting with the community he had inspired.

In 2012, Jim Koch, who had acquired the New Albion trademark in the 1990s to protect it, proposed reviving New Albion Ale. McAuliffe traveled to Boston to brew the original recipe, using the same yeast strain preserved at the University of California, Davis, since 1977. The beer, a deep golden pale ale with Cascade hops, was released in 2013 by Boston Beer Company, with all profits donated to McAuliffe. The revival was a success, reintroducing New Albion to a new generation and cementing McAuliffe’s legacy.

McAuliffe transferred the New Albion trademark to his daughter, Renee M. DeLuca, who learned of her father’s identity in 2000. DeLuca, based in Cleveland, Ohio, relaunched New Albion, partnering with BrewDog USA to produce beers, including a non-alcoholic stout and a traditional pale ale. In 2014, she launched a crowdfunding campaign to continue production, offering rewards like New Albion merchandise and a chance to meet McAuliffe.

Impact on the Craft Beer Industry

Jack McAuliffe’s New Albion Brewing Company is widely regarded as the catalyst for the American craft beer revolution. Despite its short lifespan, the brewery demonstrated that small-scale, flavor-driven brewing was viable, challenging the dominance of macrobreweries. McAuliffe’s innovations, particularly his use of Cascade hops, defined the American pale ale and influenced the development of India pale ales (IPAs), now staples of craft brewing.

New Albion’s influence is evident in the success of breweries like Sierra Nevada, Samuel Adams, and Redhook, whose founders cite McAuliffe as an inspiration. The brewery’s model of using repurposed equipment and local ingredients became a blueprint for countless microbreweries. By 1980, there were only eight craft breweries in the U.S.; by 1994, there were 537, and by 2012, nearly 2,000, a growth trajectory sparked by New Albion.

McAuliffe’s advocacy for brewpub legislation also had lasting impact, enabling small breweries to sell directly to consumers and fostering the growth of tasting rooms and brewpubs. His emphasis on quality, craftsmanship, and innovation set a standard for the industry, earning him the title “the father of craft beer.”

Later Life and Legacy

As of 2025, McAuliffe, now 80, lives in retirement in Northwest Arkansas. He occasionally participates in brewing events, such as the 2012 Great American Beer Festival, where New Albion Ale was showcased. His contributions have been recognized with awards, including induction into the California Beer Hall of Fame alongside Fritz Maytag. The Smithsonian’s National Museum of American History has collected artifacts from New Albion, preserving McAuliffe’s legacy for future generations.

New Albion remains a symbol of the craft beer movement’s origins, with its signage displayed at Russian River Brewing Company and its recipes inspiring modern brewers. The Jack McAuliffe’s story is one of resilience, innovation, and quiet influence, transforming American beer culture and leaving an indelible mark on an industry that continues to thrive.

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BOSTON, Massachusetts – The Boston Beer Company and Dogfish Head Brewery today announced that the companies have signed a definitive merger agreement, bringing together two pioneering independent Craft breweries and two illustrious founders and brewers, Jim Koch and Sam Calagione.

Together, Boston Beer and Dogfish Head will create a powerful American-owned platform for craft beer and beyond. The new entity will possess more than half a century of Craft brewing expertise, a balanced portfolio of leading beer and “beyond beer” brands at high end price points, and industry leadership in innovation and quality. Following the transaction, the combined company will have a leading position in the high end of the U.S. beer market, bringing together Boston Beer’s craft beer portfolio and top-ranked sales team[i] with Dogfish Head’s award-winning portfolio of IPA and session sour brands.

The combined company will maintain its status as an independent Craft brewery, as defined by the Brewers Association. It will be better positioned to compete against the global beer conglomerates within the craft beer category that are 50- and 100-times its size, as well as other craft brewers, while still representing less than 2% of beer sold in the United States.

Most importantly, this combination brings together two of the leading founder-brewers in the United States, Jim Koch of Boston Beer and Sam Calagione of Dogfish Head, both of whom will continue to lead brewing innovation for the newly-combined company. Sam and Mariah Calagione, Dogfish Head’s two co-founders, have elected to take substantially all of their merger consideration in the form of SAM stock and will collectively become the largest non-institutional shareholders after Jim Koch following the close of the transaction. Sam Calagione will join Boston Beer’s board of directors and Dogfish Head’s band of off-centered co-workers will join the Boston Beer team and continue to be heavily involved in beer and “beyond-beer” projects, as the companies expand opportunities for future innovation.

“We believe we are creating the most dynamic and diverse American-owned platform for craft beer and beyond,” said Jim Koch, founder and Chairman of The Boston Beer Company. “Dogfish Head has a proud history as a craft beer pioneer with a brand that is beloved by American consumers and highly respected by the industry. Sam and I have stood shoulder to shoulder in some of the defining efforts in Craft brewing including the creation of the Brewers Association, the craft beer definition, the craft brewer seal and the creation of the SAVOR food and beer event. This combination is the right fit as both Boston Beer and Dogfish Head have a passion for brewing and innovation, we share the same values and we will learn a lot from each other as we continue to invest in the high-end beer category. I am very happy that Sam will join the Board of Directors at Boston Beer. He is a tremendous friend, innovator and brewer, and I could not be more excited to work together with him for many years to come.”

“Not only are Dogfish Head and Boston Beer two original American breweries, but Jim Koch and I worked hard with other leading craft brewery founders and the Brewers Association to develop and champion what defines independent American brewers,” said Sam Calagione, founder and brewer of Dogfish Head. “This merger better positions Dogfish Head and our co-workers to continue growing within this definition for many years to come. In fact, Mariah and I believe so much in the future of our merged companies that we are all in, and personally we’re reinvesting nearly all of the proceeds back into the combined entity. We’re also proud to announce that we intend to devote a percentage of the Boston Beer stock that we receive to establishing a foundation and funding various local charitable programs.”

The combined company will be led by Boston Beer CEO, Dave Burwick. “This is a formidable combination of brands, incredible brewing talent, and leaders who remain 100 percent focused and committed to the long-term health of our breweries and growing the beer industry. United, we will have the highest quality, most distinct, high-end portfolio, from both a price-point and product perspective with the top-ranked sales organization to bring it to market. We expect that we’ll see more consolidation in the Craft industry over time, and we’ll be in the best position to take advantage of those changes.”

Boston Beer is recognized for helping launch the craft beer industry after opening its doors and brewing the first batch of Samuel Adams Boston Lager in 1984. From the launch of craft brewing to 2019 Sam Adams continues to be the most award-winning craft brewer in the world. In addition to its iconic Sam Adams beer, the company now offers nationally other leading brands such as Angry Orchard hard cider, Truly Hard Seltzer and Twisted Tea. Founded 23 years ago, Delaware-based Dogfish Head’s family of beers includes the continually-hopped 60, 90, and 120 Minute IPAs, and robust sour beer program led by SeaQuench Ale. Dogfish Head is recognized as an early leader in bringing culinary innovations to the U.S. craft beer scene, and Sam Calagione was named ‘Outstanding Wine, Spirits, or Beer Professional’ by the prestigious James Beard Foundation. Following the opening of their brewery and tasting room, Dogfish Head also established one of the first Craft distilleries in America, Dogfish Head Brewings & Eats brew pub, Chesapeake & Maine restaurant, and the Dogfish Head Inn. The newly combined company will maintain a significant presence in Delaware.

Terms of the Transaction and Impact on the Boston Beer Company’s 2019 Financial Outlook
The transaction is expected to close late in the second quarter of 2019, subject to customary closing conditions. Sam Calagione and his family will receive approximately 406,000 shares of Boston Beer stock based on a share price of $314.60. Dogfish Head shareholders will also receive $173 million in cash, most all of which is for the benefit of Dogfish Head’s financial investors, with the exception of certain transaction-related expenses.

Boston Beer expects that its current cash on hand and available line of credit will be more than sufficient to fund the cash component of the transaction. It is expected that Sam Calagione will join Boston Beer’s Board of Directors beginning in 2020. A copy of the definitive transaction agreements will be filed with the Securities and Exchange Commission (SEC).

Dogfish Head is on pace to sell nearly 300 thousand barrels for the full year 2019, which would represent high single digit growth versus the prior full year. Net sales for the full year 2019 are expected to be between $110 and $120 million. Dogfish Head employs approximately 400 employees, produces most of its beer at its brewery in Milton, DE, and sells its beer in more than 40 states. Boston Beer plans to consolidate Dogfish Head results into Boston Beer’s financial results beginning late in the second quarter of 2019 and Boston Beer currently estimates that the transaction will be neutral to slightly accretive in 2019 and will not have a material impact on full-year 2019 earnings per diluted share.

About the Boston Beer Company
The Boston Beer Company, Inc. (NYSE: SAM) began in 1984 when Founder and Brewer Jim Koch used a generations-old family recipe to brew beer in his kitchen. Inspired and unafraid to challenge conventional thinking about beer, Jim brought the recipe to life with hopes drinkers would appreciate the complex, full-flavor and started sampling the beer in Boston. He named the flagship brew Samuel Adams Boston Lager in recognition of one of our nation’s founding fathers, a revolutionary man of independent and pioneering spirit. Today, Samuel Adams is the world’s most award-winning Craft brewery and remains focused on crafting the highest quality beers through innovation and experimentation in the relentless pursuit of better. Our portfolio of brands also includes Angry Orchard Hard Cider, Twisted Tea, Truly Hard Seltzer, Marathon Brewing Company, Wild Leaf Hard Tea and Tura Alcoholic Kombucha as well as several other craft beer brands brewed by A&S Brewing, our craft beer incubator. For more information, please visit our investor relations website at www.bostonbeer.com, which includes links to all of our respective brand websites.

About Dogfish Head Brewery
Dogfish Head has proudly been focused on brewing beers with culinary ingredients outside the Reinheitsgebot since the day it opened as the smallest American craft brewery 23 years ago. Dogfish Head has grown into a top-20 craft brewery and has won numerous awards throughout the years including Wine Enthusiast’s 2015 Brewery of the Year and the James Beard Foundation Award for 2017 Outstanding Wine, Spirits, or Beer Professional. It is a 400 coworker company based in Delaware with Dogfish Head Brewings & Eats, an off-centered brewpub and distillery, Chesapeake & Maine, a geographically enamored seafood restaurant, Dogfish Inn, a beer-themed inn on the harbor and Dogfish Head Craft Brewery, a production brewery and distillery featuring, The Tasting Room & Kitchen. Dogfish Head supports the Independent Craft Brewing Seal, the definitive icon for American craft breweries to identify themselves to be independently-owned and carries the torch of transparency, brewing innovation and the freedom of choice originally forged by brewing community pioneers. Dogfish Head currently sells beer in over 40 states and Washington D.C. For more information, visit www.dogfish.com.