Articles Tagged with 'Mergers & Acquisitions'

Artisanal Brewing Ventures Execs Discuss ‘100 percent’ Acquisition of Sixpoint Brewery

Artisanal Brewing Ventures Execs Discuss ‘100 percent’ Acquisition of Sixpoint Brewery

After four years of discussions with Sixpoint Brewery founder Shane Welch, Artisanal Brewing Ventures (ABV) finally completed a deal to purchase 100 percent of his Brooklyn-based craft brewery this week. Even though ABV had been courting Sixpoint for several years, it wasn’t until this summer when negotiations really began to heat up, John Coleman, CEO of ABV, told Brewbound.

Colorado’s Fate Brewing Company Files for Bankruptcy

Colorado’s Fate Brewing Company Files for Bankruptcy

Yet another small brewery has found itself in financial trouble. The parent company of Boulder, Colorado-based Fate Brewing Company, Fate Restaurants LLC, has filed for Chapter 11 Bankruptcy protection. According to the November 1 filing, Fate owes more than 50 creditors between $1 million and $10 million. The company also claims between $1 million and $10 million in estimated assets.

Cavalier Distributing Acquires Micro Man Distributing in Florida

Cavalier Distributing Acquires Micro Man Distributing in Florida

Craft beer wholesaler Cavalier Distributing has acquired the distribution rights to “all suppliers” within the portfolio of Florida-based Micro Man Distributors. According to a letter sent by Cavalier founder and president George Fisher, that was addressed to its Florida beer suppliers, the transaction closed on Monday, October 22. Financial terms of the deal were not disclosed.

Helltown Brewery Acquires Rivertowne Assets in Bankruptcy Auction

Helltown Brewery Acquires Rivertowne Assets in Bankruptcy Auction

Following a bankruptcy auction held last Friday, Pennsylvania’s Helltown Brewery has emerged as the highest bidder for a majority of the assets of Pittsburgh’s Rivertowne Brewing. After filing for bankruptcy in May, Rivertowne was put up for auction earlier this month with bids starting at $1.35 million. Helltown placed the winning bid of $2.1 million for Rivertowne’s Export, Pennsylvania-based brewery and land, as well as assets at its Verona and Monroeville brewpubs. The company, which acquired the Rivertowne brand through the auction and plans on continuing to brew some of its labels, is still awaiting final approval from a judge overseeing the case.

Reyes Beverage Group to Acquire Loveland Distributing in Virginia

Reyes Beverage Group to Acquire Loveland Distributing in Virginia

Reyes Beverage Group has struck a deal in Virginia that will make it the Mid-Atlantic region’s largest beer wholesaler. Premium Distributors of Virginia, a Reyes subsidiary, has reached an agreement to acquire the assets of Richmond-based Loveland Distributing Company, Reyes announced in a press release.

Roak Brewing to Acquire Right Brain Brewing

Roak Brewing to Acquire Right Brain Brewing

A pair of small Michigan beer companies are set to merge in an effort to better compete with larger brewing operations. Royal Oak-based Roak Brewing Co. announced this week that it is in the process of acquiring Traverse City’s Right Brain Brewery. Speaking to Brewbound, Roak Brewing co-owner and CEO John Leone said the deal is expected to close in the next 60 to 90 days, pending approval from the Michigan Liquor Control Commission. He declined to share specific financial terms of the deal, noting that some details of the transaction are still finalized.

Molson Coors Forms JV with Canadian Cannabis Company, Shares Q2 Results

Molson Coors Forms JV with Canadian Cannabis Company, Shares Q2 Results

Molson Coors Brewing Company today reported its second-quarter earnings, however the financial results took a backseat to news that its Canadian business division had formed a joint venture with a Quebec cannabis company. The JV between Molson Coors Canada and HEXO, a recreational cannabis “sister brand” to The Hydropothecary, a licensed producer and distributor of medical cannabis, will be structured as “a standalone start-up company” led by its own board and management team.

Divergent Growth Strategies Emerge in a Competitive Craft Beer Marketplace

Divergent Growth Strategies Emerge in a Competitive Craft Beer Marketplace

As the craft landscape has become increasingly competitive and as growth has slowed, some craft brewers are beginning to alter their approaches to expansion. While some companies have restructured their sales and marketing teams and laid off employees, others are starting to reexamine their brick-and-mortar strategies. Take the divergent paths of Other Half Brewing Company in Brooklyn and Renegade Brewing Company in Denver, for example.