A Vermont hard cider company, which started in a garage, has been sold to a European company.
The price tag, more than $300-million dollars.
The makers of Woodchuck Cider in Middlebury, Vermont announced the deal Tuesday.
Despite the new ownership, officials say the company will remain in Vermont, and no one will lose their job.
In fact, the Irish based company wants to build a bigger expansion then current leaders wanted to spend.
"It's an exciting time, it's great for the employees, the timing is right and we're excited for what the future has to bring for Woodchuck. It was born in Vermont, it's going to stay in Vermont," said Vermont Hard Cider Company President and CEO Bret Williams.
The company plans to break ground on its new facility next year.
It plans to keep its current building as well to meet demand of its products growing popularity.
