Looking for capital to launch or expand your brewery? Don’t limit yourself to traditional funding resources. Learn from New York Brewery Ommegang in Cooperstown. Foreign investors may be a viable option to take your business to the next phase.
Ommegang began in 1997 on a hop farm operated by a husband and wife team. Looking to produce Belgian style beers, it had several Belgian brewing company investors. Seeking out investors with expertise, experience and connections in your industry is the best possible scenario. The investors want to maximize return on investment so they are motivated to share expertise and connections, a rare commodity that can position your company for exponential growth. In the case of Ommegang, the early investors were eventually bought out by the current owner, Duvel USA, one of the early investors.
The brewer’s newest phase of expansion is similarly taking an untraditional path. The brewery is purchasing a larger brewery with about 200% of its annual production. Yes, you read that correctly. The small brewery bought the larger brewery.
Brewery Ommegang, owned by Duvel USA, a Belgian company, purchased Boulevard Brewing Company of Kansas City. The merger will open new markets for the New York brewery, expanding the craft beer product market to the East Coast, West Coast and Midwest. This is thinking outside the box at its best.