SEATTLE, Jan 03, 2007 (BUSINESS WIRE) -- Redhook Ale Brewery, Incorporated (Nasdaq:HOOK), is entering into
preliminary discussions with Widmer Brothers Brewing Company regarding
the possibility of combining the two companies.
Redhook and Widmer currently share a joint sales and marketing
venture in the western U.S., operating as Craft Brands Alliance, LLC.
They also have a brewing and licensing relationship in the eastern
U.S.
Discussions are in the very preliminary stages, and are expected
to take several weeks. There can be no assurance that any transaction
will take place. Any transaction will require the approval of the
board of directors of both companies, and may also be subject to
approval by the shareholders of one or both companies as well as
regulatory approvals.
About Redhook
Redhook Ale Brewery, Incorporated, is one of the leading
independent brewers of craft beers in the United States and has been
at the forefront of the domestic craft brewing segment since the
Company's formation in 1981. Redhook brews its specialty bottled and
draft products exclusively in its two Company-owned breweries, one in
the Seattle suburb of Woodinville, Washington, and the other in
Portsmouth, New Hampshire. The Company distributes its products
nationally through a network of wholesale distributors, Craft Brands
Alliance, LLC, and a distribution alliance with Anheuser-Busch,
Incorporated. For more information, please visit www.redhook.com.
SOURCE: Redhook Ale Brewery, Incorporated
Redhook Ale Brewery, Incorporated
Paul Shipman, CEO, 425-483-3232, Ext. 106
David Mickelson, President, 425-483-3232, Ext. 201
