Seven years after purchasing San Diego's Saint Archer Brewing Company, Molson Coors has discontinued the brand and sold the brewery and local taprooms to Illinois-based Kings and Convicts Brewing, the same brand that owns San Diego standout brewery Ballast Point.
Kings & Convicts will take over Saint Archer's roughly 50,000-square-foot (4,600-square-meter) brewery in Miramar, but Molson Coors will retain the Saint Archer brand.
"The Saint Archer team has built a distinct brand that has a very loyal following in Southern California. Unfortunately, the overall business has struggled to grow despite investing significant resources behind its production and commercialization,” Paul Verdu, vice president of Tenth & Blake, Molson Coors’ U.S. craft division, said in a press release. “We’ll maintain ownership of the Saint Archer brand as we determine the best long-term plan and remain focused on growing our regional breweries that continue outpacing home-market competitors.”
Terms of the deal were not disclosed.
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Saint Archer, founded in 2013 and sold to Molson Coors in 2015, couldn't survive the pandemic and a waning craft market in San Diego, according to Verdu.
