Share
Getting your Trinity Audio player ready...
|
Full Circle Brewing of Fresno is merging with a San Francisco craft brewer to form the largest Black-owned brewery in the United States, the company said on Wednesday.
Full Circle CEO Arthur Moye announced in a news release that the brewery is merging with Speakeasy Ales and Lagers of San Francisco.
“We are excited to apply what we learned from revitalizing Full Circle and increasing sales by 5,000%, to San Francisco’s longest-running independent brewery. We plan to breathe new life into current brands, and expand its range of products,” Moye said.
Speakeasy is known for traditional beers such as its Big Daddy IPA, Moye said.
Watch: Full Circle Celebrates Black Business Month
Merged Company Can Produce 350,000 Cases a Year
Combined with Full Circle’s 2020 acquisition of Sonoma Cider, the company now has a diverse mix of products and an annual production capacity of more than 20,000 barrels, or 350,000 cases, Moye said.
“I am excited for the passing of the baton to the next generation of Black entrepreneurs in the craft beer space, said Speakeasy CEO Ces Butne. “I will continue to sit on the advisory board, and look forward to seeing the Speakeasy brand grow and evolve.”
Full Circle Seeks Investors
Full Circle Brewing is raising funds from independent investors on the StartEngine platform, where it previously raised more than $1 million through Crowd Equity campaigns.
Moye said that he hopes to close the access-to-capital gap for Black brewers seeking to expand to full-scale production. Those interested in learning more about the campaign can visit www.tapin.beer.
Full Circle’s headquarters is in Fresno’s Brewery District at 712 Fulton St. near Chukchansi Park.
RELATED TOPICS:
CA Has Seen Many New Towns, but This Big Project Is Stalled
2 hours ago
Fresno Man Sentenced to 29 Years for Sexually Assaulting Children and Dog
14 hours ago
Bulldogs’ Two-Position Standout Tommy Hopfe Signs With Rockies
14 hours ago
Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’
15 hours ago
The Many Names of GOP Vice Presidential Nominee JD Vance
16 hours ago
Jack Black, a Small Dog With a Big Heart, Is Looking for His Forever Home