Whispers of the CANarchy Craft Brewery Collective’s potential sale have circulated through the industry’s rumor mill for the last few years before finally becoming a reality with today’s announced agreement to sell to energy drink maker Monster for $330 million in cash. Those whispers were the smoke to the fire of the craft brewery rollup being shopped to potential buyers. The seller’s identity though was not be the one everyone associates with CANarchy’s ownership.
Santa Rosa, California-based Russian River Brewing Company’s annual in-person Pliny the Younger release has been postponed, following a spike in COVID-19 cases.
Financial services firms have responded positively to the news of energy drink maker Monster Beverage Corporation striking a deal to acquire the CANarchy Craft Brewery Collective. “Overall we view this transaction as a strategic positive as it is 100% incremental to Monster’s existing business and should function as a springboard for Monster to enter the alcoholic beverage sector as CANarchy is the sixth largest craft brewer in the U.S. with seven distinct brands,” Goldman Sachs equity research analyst Bonnie Herzog wrote.
Midway through Dry January, three craft brewers discuss their new non-alcoholic offerings and why these new products make sense both this month and the rest of the year. Deschutes’ Veronica Vega, AleSmith’s Brandon Richards and Notch’s Chris Lohring join the Brewbound team to talk about their N/A beers and the development behind them.
Cape Beverage Distributing is pleased to announce a collaboration brew between two of its partners, which hits shelves later this month: New Jersey’s Cape May Brewing Company and Pennsylvania’s Workhorse Brewing Company.
Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) is donating 100,000 cans of water and $25,000 to the Boulder County Wildfire Fund in support of relief efforts in Colorado in the wake of the state’s largest wildfire that destroyed thousands of homes and devastated the Boulder community.
21 Holdings LLC (21H), a wholly-owned subsidiary of The Jel Sert Company (Jel Sert), announces its registration as a winery, making it a fully licensed and bonded distillery, winery, and brewery that specializes in ideating, developing, and manufacturing alcoholic freezable novelties.
Energy drink maker Monster Beverage has reached “a definitive agreement” to acquire the CANarchy Craft Brewery Collective for $330 million in cash, the company announced today. The all cash deal is expected to close in the first quarter of 2022, pending “customary closing conditions, including regulatory approvals.” The acquisition will give Monster a foothold in… Read more »
Chuckanut Brewery is constantly learning about the ingredients it uses and the Single HopLager series is an effort to understand how different hop varietals change a simple lager recipe.
Total beer dollar sales in off-premise retailers reached nearly $44.3 billion in 2021, according to market research firm IRI. IRI, which tracks category-wide sales at major off-premise retailers, reported a -0.4% decline in off-premise spending compared to the same period in 2020, which ushered in massive shifts in consumer spending and behavior due to the COVID-19 pandemic.
Karbach Brewing Co. and the Houston Rockets are announcing their new collaboration beer, Clutch City Lager, is now officially hitting store shelves across Houston.
