Boston Beer Co. and Dogfish Head sign $300 million merger

Boston Beer Company and Dogfish Head have signed a merger agreement as of Thursday, in a deal valued at $300 million.

Why it matters: This consolidation brings together the Brewers Association’s second-largest craft brewer, Boston Beer, with the 13th-biggest craft brewery. The companies explained that this will position them to "compete against the global beer conglomerates within the craft beer category." Indeed, both companies will maintain their independent craft brewery status.