Mustang Brewing Co. announces purchase agreement for OKCity Brewing Cooperative
Under the purchase agreement, Mustang Brewing Co. will buy and expand the OKCity Brewing Cooperative, with its roster of brewers to remain intact.
Mustang Brewing Co. has reached an agreement to purchase the OKCity Brewing Cooperative, the company announced Tuesday.
Mustang Brewing officials said the three companies operating at the cooperative now — Redbud, Anthem and Black Mesa brewing companies — will continue to do so.
Plans call for Mustang to move a portion of its brewing into the facility, 1354 W Sheridan Ave., as well.
“Moving our brewing operations in-house has always been the plan, it was just a matter of finding the best situation for the company,” Mustang President Tim Schoelen said. “We are extremely excited to enter into this phase of our business plan.”
Mustang Brewing is based in Oklahoma City and has been in business for roughly three and a half years. It produces its beer under contracts at breweries in Wisconsin and Tennessee and at Choc Beer Co. in Krebs.
The plan calls for Mustang to produce 100 percent of its kegs at OKCity Brewing, as well as its recently launched Saddlebag Series line of beers, officials said.
“This will be a gradual process,” Mustang brewmaster Gary Shellman said. “Bringing all keg production in-house is step one. ... Step two will be expanding capacity and adding a bottling and canning line that can accommodate our growing production needs.”
Schoelen said Mustang looks forward to working with the companies already using the brewing setup at OKCity.
“It will operate as a true Oklahoma brewing co-op, not just one in name,” he said. “We plan to further expand the cooperative aspect by bulk-buying materials we share, such as base grain, packaging and chemicals, and ultimately sharing in the savings.”
Anthem president and brewmaster Matt Anthony said the move is an exciting development.
“Mustang's purchase of OKCity means even greater opportunities for collaboration on all levels between the breweries there,” Anthony said. “This truly embodies what the craft beer movement is all about.”
Brad Stumph, sales and marketing director for Black Mesa, said the purchase should help smaller beer companies grow.
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