Read the latest beer industry financial news and reporting relating to investment, mergers and acquisitions. Explore the biggest deals, as well as what the financial future looks like for breweries in terms of capital availability, deal terms, lending, and the strategic marketplace in order to help shape your planning strategy for the short and medium term.
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The first major piece of RNDC’s territory fire sale is now complete. Reyes’ mega deal for 11 RNDC markets closed at the end of business on Friday, adding 38 million cases to its more than 360-million-case business.
More dominos continue to fall as RNDC’s territory sell off continues. Leaders with Manhattan Beer & Beverage Distributors announced an agreement to acquire “distribution rights for a collection of wine and spirits brands” from RNDC’s New York joint venture with Opici Family Distributing.
Check out news items initially reported in the Brewbound Insider Newsletter September 17-18, including headlines from Columbia, Firestone Walker, Garage Beer and others.
Months after announcing plans to retire and sell the business, Lost Coast Brewing founder Barbara Groom has officially listed the Northern California craft brewery for auction.
Vermont Information Processing (VIP) has acquired Encompass Technologies in a deal that merges two of the largest beverage industry technology companies.
Southern Glazer’s Wine & Spirits (SGWS) has appointed Anheuser-Busch InBev (A-B) vet Glendal Vandenbempt as managing director of its newly created “Gold Division.”
Athletic Brewing Company is adding two QB1s to its roster as “athlete-owners” as the NFL season kicks off tonight. New England Patriots quarterback Drake Maye and Dallas Cowboys quarterback Dak Prescott struck multi-year partnerships with the dedicated non-alcoholic beer maker and stakes in the business.
Check out news items initially reported in the Brewbound Insider Newsletter, including headlines from Diageo, Anheuser-Busch InBev, Dad Strength, Boston Beer and others.
Martignetti Companies is expanding its New England footprint again. The beer, wine and spirits distributor has struck a definitive agreement to acquire Girardi Distributors, LLC, a Massachusetts-based, independent Anheuser-Busch InBev (A-B) distributor.
Several members of The Finnish Long Drink’s sales force have announced the elimination of their roles in the wake of the ready-to-drink cocktail’s (RTD) acquisition by Mark Anthony Brands earlier this year.
Check out news items initially reported in the Brewbound Insider Newsletter August 13-14, including headlines from Hi-Wire, Appalachian Mountain Brewery, Garage Beer or more.
Contract-focused joint venture B3 Beverage looks much different from when it launched last year. Philadelphia’s Yards Brewing has made it official with the platform, which has taken final steps to acquire it. However, other founding member breweries have since departed.