USA, CA: Full Circle Brewing merging with Speakeasy Ales and Lagers to form largest Black-owned brewery in the US

Full Circle Brewing of Fresno is merging with a San Francisco craft brewer to form the largest Black-owned brewery in the United States, the company said on April 5, gvwire.com reports.

Full Circle CEO Arthur Moye announced in a news release that the brewery is merging with Speakeasy Ales and Lagers of San Francisco.

�We are excited to apply what we learned from revitalizing Full Circle and increasing sales by 5,000%, to San Francisco�s longest-running independent brewery. We plan to breathe new life into current brands, and expand its range of products,� Moye said.

Combined with Full Circle�s 2020 acquisition of Sonoma Cider, the company now has a diverse mix of products and an annual production capacity of more than 20,000 barrels, or 350,000 cases, Moye said.

�I am excited for the passing of the baton to the next generation of Black entrepreneurs in the craft beer space, said Speakeasy CEO Ces Butne. �I will continue to sit on the advisory board, and look forward to seeing the Speakeasy brand grow and evolve.�

Full Circle Brewing is raising funds from independent investors on the StartEngine platform, where it previously raised more than $1 million through Crowd Equity campaigns.

Moye said that he hopes to close the access-to-capital gap for Black brewers seeking to expand to full-scale production.

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