“Wrexham Lager has a 140-year-old recipe and a storied history and we’re excited to help write its next chapter.”

The brewery didn’t disclose financial details but said Reynolds and McElhenney have a majority stake.

Wrexham Lager said the acquisition was made by Red Dragon Ventures, a joint venture formed by Reynolds and McElhenney and the New York-based Allyn family — which on Wednesday became a minority investor in Wrexham’s soccer team.