A group of local investors led by the Schlafly family has purchased a controlling stake in The Saint Louis Brewery, the company announced Monday.
The deal would transfer majority ownership from Sage Capital, a St. Louis-based private equity firm, to individual investors including David Schlafly, a cousin of co-founder Tom Schlafly.
Terms of the deal were not disclosed.
David Schlafly will serve as director for The Saint Louis Brewery, and Tom Schlafly will remain chairman of the board, according to a news release. In addition to his new role, David Schlafly will continue to run the Schlafly Corp., a commercial real estate firm in Clayton.
“I am delighted to have David join the Schlafly team,” Tom Schlafly said in a news release. “The Saint Louis Brewery is a part of our family’s legacy. I’ll be working with the Schlafly team to continue to advance its leadership in the craft beer industry and support neighborhood renewal.”
The sale marks The Saint Louis Brewery’s return to Schlafly ownership after seven years. In 2012, Tom Schlafly and co-founder Dan Kopman sold a 60 percent stake in the brewery to Sage Capital.
According to Brewbound, a craft beer trade publication, the new investors will control 80 percent of the company while Sage retains a 20 percent stake in the company.