The Boston Beer Co. Inc. (NYSE: SAM) purchased 52.6 acres for $5.95 million today as a possible backup site for a new brewery.
Michelle Sullivan, Boston Beer’s spokeswoman, said the company currently does not have plan for the Freetown, Mass. site. Boston Beer is also currently working to purchase an existing brewery 60 miles outside of Philadelphia for $55 million. If Boston Beer finalizes the acquisition of the Philadelphia brewery, it will likely sell the Freetown land, said Sullivan.
Boston Beer has been searching sites in New England for a brewery location for more than a year, according to a statement from GVA Williams, Boston Beer’s real estate broker. Boston Beer reportedly chose Freetown for its, “access to highway and rail transportation as well as incentives from state and local agencies based on job creation.”
The makers of Samuel Adams currently operate two breweries – one in Boston’s Jamaica Plain neighborhood and the other in Cincinnati. The Boston Beer Company has assured us that those breweries will remain open regardless of their decision to open another brewery.