In this week’s edition of Last Call: In-state sales are on the rise in Michigan; Baderbrau is set for an August auction; another round of brewery closures hit in Colorado, California and Georgia; and more beer industry news.
As sales of U.S. craft beer have begun to slow, so too has the appetite for domestic dealmaking. More recently, however, there’s been an uptick in the number of international craft acquisitions — including a pair of well-regarded London-based breweries. London’s Fourpure Brewing Co. announced today a 100 percent sale to Australia-headquartered and Kirin-owned Lion Pty Limited.
In this week’s edition of Last Call: Tivoli sues Montucky Cold Snacks over brand rights; President Trump’s trade war with China escalates; Jake Leinenkugel seeks medical marijuana study for military vets; New Belgium joins the American Hemp Campaign; H-E-B begins beer and wine delivery; and more news.
Upstart Texas beer maker Hop & Sting Brewing Company has purchased the assets and brands of Grapevine Craft Brewery from owner Glen Harrod. Financial terms of the deal — which did not include the building and land — were not disclosed, but Hop & Sting co-owner Brian Burton told Brewbound that “it was something just barely within our budget.”
In the latest edition of Press Clips: Beer rationing begins in Europe; trademark infringement fights continue; Beavertown feels the fallout from selling a minority stake to Heineken; and more.
London’s Beavertown Brewery today announced that Heineken International B.V. would acquire a minority stake in the company, confirming a month-long rumor that the craft beer company was on the hunt for an investment partner. Terms of the deal, including the amount and the specific size of the stake sold, were not disclosed.
Texas’ Deep Ellum Brewing was sold to Fireman Capital-backed Canarchy Craft Brewery Collective for an undisclosed sum, founder John Reardon confirmed to Brewbound. The transaction, which closed on Friday, June 8, will give Dallas-based Deep Ellum a much-needed capital infusion to finish a $3 million expansion and immediate access to increased brewing capacity at Colorado-headquartered Oskar Blues Brewing’s satellite production facility in Austin, Texas.
Ryan Sentz has handed over the Funky Buddha Lounge & Brewery in Boca Raton, Florida, to family friend and homebrewer Allen Steen, who is transforming the space into the Robot Brewing Company & Quixotic Lounge. Sentz, the founder of Funky Buddha, told Brewbound that the transaction, which was finalized about a month ago, gives Robot Brewing the lounge’s 1-barrel brewery and neighboring homebrew supply shop for “zero dollars.”
Nearly two years after the Department of Justice (DOJ) signed off on Anheuser-Busch InBev’s (ABI) $100 billion takeover of SABMiller, the government agency still has not completed its review of the merger. The DOJ and ABI filed a joint motion on March 15 asking U.S. District Court Judge Emmet Sullivan to approve the “proposed final judgment.” However, several groups have objected to the judgment, as it is currently written, and are now seeking a hearing in order to resolve anti-competitive concerns.
In this week’s edition of Last Call: International M&A heats up with Heineken, Pernod and Constellation; Rebecca Spicer to depart the NBWA; Michigan Senators vote to outlaw marijuana-infused alcoholic drinks; Sonoma County tallies the economic impact of Pliny the Younger; and more.
When John McDonald founded Boulevard Brewing Company in 1989, he never envisioned that the company would grow to 178,000 barrels and sell beer in 40 states. You can listen to McDonald discuss these topics, and more, on episode 111 of Taste Radio.
In this week’s edition of Last Call: Stone Brewing attacks MillerCoors on Twitter; Denizens announces plans for a second Maryland brewery; several breweries listed for sale; plus, much more.
Atlanta’s New Realm Brewing has won a bid to acquire the brewing equipment assets currently located inside Green Flash Brewing’s former production facility in Virginia Beach, sources told Brewbound.
In recent years, Anheuser-Busch InBev’s “global growth and innovation team” ZX Ventures has invested in at least nine international breweries, and now the company is pushing into spirits. ZX Ventures today announced the acquisition of Atom Group, a United Kingdom-based spirits, eCommerce and import business. Specific financial terms of the deal were not disclosed.