Tenth and Blake Beer Company, the craft and import unit of MillerCoors, has signed an agreement to acquire a majority interest in Granbury, Texas-based Revolver Brewing.

Revolver Brewing owns flagship craft beer brand Blood & Honey.

The deal is expected to close in the third quarter of 2016. Financial details of the transaction were not disclosed.

"We are excited to be joining the Tenth and Blake family, which shares our commitment to brewing great craft beer."

Revolver Brewing co-founder and president Rhett Keisler said: “We are excited to be joining the Tenth and Blake family, which shares our commitment to brewing great craft beer.

“This partnership will allow us to maintain our brewery and operations in Granbury, while providing us with the additional resources to invest in and accelerate the growth of the Revolver brand in Texas.” 

Set up in 2012 by father and son Ron and Rhett Keisler, along with seasoned master brewer and cicerone Grant Wood, Revolver Brewing's products are currently distributed in Dallas, Fort Worth, Waco, Austin and surrounding areas. 

Revolver Brewing will operate as a separate unit of Tenth and Blake. Revolver’s management and employees will continue to create, brew, package, market, and sell Revolver’s portfolio of brands.

Tenth and Blake president and CEO Scott Whitley said: “We have tremendous respect for the quality and innovation that Revolver Brewing has brought to the Texas craft community and are thrilled to have such a terrific team and portfolio join Tenth and Blake.

“Our main priority will be to work with the Revolver team to support its continued success and make sure its beer is enjoyed by even more consumers in Texas.”

Tenth and Blake portfolio includes Blue Moon Brewing Company, Jacob Leinenkugel Brewing Company, Crispin Cider Company, Saint Archer Brewing Company.