Grupo Modelo signs joint venture with John I. Haas, Inc.
Always keen to secure control over its supplies, Grupo Modelo has become a minority investor in John I. Haas’ Supercritical CO2 Extraction Plant in Yakima, Washington, USA. In January 2003, a new company called International CO2 Extraction, LLC., was created. As CO2 hop extract is a critical ingredient for Modelo’s beers, this investment will ensure that its growing extract needs will be met in the future, the brewer said in a statement.
Henry von Eichel, CEO of John I. Haas, Inc. was quoted as saying, that "We are very pleased with Grupo Modelo’s investment in this joint venture. It shows their long term commitment to the US hop industry and their confidence in our technical abilities. Haas, Inc., which will also operate the plant as it has since 1994, when the plant started up.
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