Five months after considering a sale of as much as 20% of the company, India’s B9 Beverages is in the process of selling a minority stake in the New Delhi-based company for $30 million to Tokyo, Japan-headquartered Kirin Holdings, according to the Financial Times and Reuters.
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Brewbound readers in 2019 gravitated to stories about major craft brewery mergers and acquisitions, hard seltzer launches and reformulations, lawsuits and distribution disputes and brewery closures. The announcement of the $300 million merger between Boston Beer Company and Dogfish Head set the stage for a busy year of M&A activity, as many craft brewers began to form partnerships to weather a more tumultuous competitive marketplace.
New Belgium Brewing Company’s employee owners have voted in favor of selling the company to Kirin-owned Lion Little World Beverages despite concerns over the Japanese beer giant’s business dealings in Myanmar.
Arlington Capital Advisors, LLC, a leading consumer-focused investment bank, announced today that its principals acted as exclusive financial advisors to New Belgium Brewing Company as it has signed a definitive agreement for Lion Little World Beverages to acquire 100% of New Belgium in an all cash transaction.
Another member of the old guard of craft brewing sold today when Kirin-owned Lion Little World Beverages announced a “definitive agreement” to acquire 100% of New Belgium Brewing Company in an all cash transaction.
Australian craft brewery Little Creatures officially opened its doors, Friday, July 26, to its highly anticipated microbrewery and restaurant in San Francisco’s Mission Bay neighborhood.
Longtime beer industry veteran Simon Thorpe has been tapped to lead the North American craft beer division of Kirin Holdings-owned and Australia-based Lion Pty Limited, announced today. The former Pabst Brewing CEO will serve as the managing director of Lion’s mostly undeveloped U.S. craft business.
In the latest Press Clips: Lion acquires Magic Rock Brewing in the UK; Allagash founder Rob Tod makes James Beard finals; Russian River’s Pliny the Younger generates more than $4 million in impact; the Cleveland Indians name Great Lakes and Miller Lite official beers; and more industry news.
In this week’s edition of Press Clips: Reyes buys the Constellation Brands portfolio from Ace; beer shipments are down 2.1 percent in 2018; the U.S. brewery count eclipses 7,000; Utah mandates tests to ensure 3.2 ABW; and more.
Anheuser-Busch InBev is making a number of sizable investments to grow its acquired craft beer brands both domestically and abroad, according to recent reports. The world’s largest beer company is planning a large-scale international expansion for its biggest craft offering, Goose Island, and making significant investments to scale production capabilities for its Blue Point and Karbach Brewing brands in their respective home markets of New York and Texas.
ST. LOUIS — Kirin today announced it has partnered with celebrity chef and Top Chef contestant, Candice Kumai, to share Japanese-style beer pairings with foodies, as traditional Japanese and Asian-fusion cuisines continue to grow in popularity.
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