Cape May, which was created in 2011, described the merger as a “strategic investment,” and while the company has been silent on the financial details of the transaction, experts think the merged companies can generate more than US$10 million in revenue.
Cape May co-founder and CEO Ryan Krill described the acquisition as a massive milestone for both Cape May and Flying Fish, who we’ve long admired as a true pioneer of craft brewing in the Garden State since its founding in 1995.
Krill stated that Cape May is “thrilled” that this move will let it to “expand” its product selection and that it is approaching this acquisition with a focus on our core values, passion for brewing, and commitment to serving our customers with the highest-quality brews.
Krill also called the acquisition a strategic investment, saying it will “significantly increase the company’s manufacturing and warehousing space, as well as boost annual production capacity and add manufacturing capabilities to support the expansion of our product portfolio.
As part of the agreement, Flying Fish Brewing Co will continue to be distributed by its wholesale distributor partners, whereas Cape May will continue to operate at its current location in New Jersey and will rely on the Cape Beverage Distributing network throughout New Jersey as well as wholesale distributor partnerships in Pennsylvania and Delaware.
We are excited for these new opportunities, and grateful to the teams and fans of both brands who have supported the New Jersey craft beer community over the years, Krill concluded. This is a new chapter in our company’s history, but it is based on the same ideals that have guided our commitment to quality, people, and refreshing brews since our inception in 2011.
On its Instagram account this week, the brewer stated that it is excited to announce its plans to acquire the assets of fellow New Jersey craft brewer, Flying Fish Brewing Co, and that the acquisition represents the union of two brands that charted the course for craft brewing in New Jersey, and that it is grateful for the teams and fans of both brands who have supported the New Jersey craft beer community over the years, before reminding followers that the acquisition represents the union of two brands that charte