Boston Beer acquires Coney Island brand

|About: Boston Beer Co. (SAM)|By:, SA News Editor

A unit of Boston Beer Co. (SAM) has acquired the rights to the Coney Island Brand from Shmaltz Brewing Company.

Under the terms of the deal, "Shmaltz will produce some of the beer to be sold under the Coney Island brand name" and Shmaltz founder Jeremy Cowan will advise the SAM unit on matters related to the brand for up to two years. (8-K)