USA, MO: The Saint Louis Brewery transfers a 60% ownership interest to a local investor group

The Saint Louis Brewery, Inc., brewer of Schlafly Beer, has signed a purchase agreement that will transfer a 60% ownership interest in the business to a local investor group led by Wes Jones and John Lemkemeier of St. Louis and including David Schlafly, also of St. Louis, the first cousin of Tom Schlafly, Co-Founder and President of the company, The Full Pint reported on January, 4.

The agreement provides for closing upon issuance of necessary licenses and permits from federal, state and local governments, a process that could take several months.

Tom Schlafly said, “The agreement with Wes and John meets the criteria we set back in June of 2010, when we first discussed a succession plan for ownership of the brewery. Senior and long-term employees will be able to purchase stock in the company; and I’m transferring a majority interest to local investors committed to keeping the business in St. Louis.”

Mr. Schlafly will initially retain an interest of approximately 20% and serve as Chairman of the Brewery. Dan Kopman, Co-Founder and current Chief Operating Officer, will own at least a 10% interest and serve as Chief Executive Officer. Ten percent (10%) of the business will be available for purchase by eligible employees.

11 January, 2012