Mergers & Acquisitions

Newport Craft Brewing and Distilling Acquires New York City-Based Radiant Pig

Newport Craft Brewing and Distilling Acquires New York City-Based Radiant Pig

Newport Craft Brewing and Distilling has added another New York City-based brand to its portfolio with the acquisition of Radiant Pig Beer Company, the company announced yesterday. Newport CEO Brendan O’Donnell told Brewbound that Radiant Pig, which Rob Pihl founded in 2013, gives Newport Craft more access to New York, “which is now really a closed market for new breweries.”

Data Firm Fintech Acquires Armadillo Insight

Data Firm Fintech Acquires Armadillo Insight

Fintech, a Tampa, Florida-based data, analytics and invoice processing platform for wholesalers, has acquired Armadillo Insight, a craft beer data and insights firm that specializes in chain retail placements.

Reyes to Acquire Saccani Distributing of Sacramento

Reyes to Acquire Saccani Distributing of Sacramento

The Reyes Beer Division has reached an agreement to acquire certain distribution rights from Sacramento, California-based Saccani Distributing Company. The acquisition will add 1.5 million cases to Reyes’ Golden Brands subsidiary, which sells 26 million cases to 14,000 accounts in Northern California.

4 Shareholder Lawsuits Against Craft Brew Alliance Dropped

4 Shareholder Lawsuits Against Craft Brew Alliance Dropped

Four lawsuits claiming that Craft Brew Alliance (CBA) omitted “material information” from a proxy statement related to the craft beer maker’s planned merger with Anheuser-Busch InBev have been dropped after the Portland, Oregon-headquartered company filed a supplemental report, according to a U.S. Securities and Exchange Commission filing on Tuesday.

Last Call: Financial Analysts Project Additional Hard Seltzer Growth; FIFCO USA Pulls Plug on Pura Still

Last Call: Financial Analysts Project Additional Hard Seltzer Growth; FIFCO USA Pulls Plug on Pura Still

The hard seltzer category could reach about 10% of the beer market in the next few years, according to research reports from two leading financial services firms. Meanwhile, FIFCO USA has stopped production of Pura Still, the 95-calorie, 4.5% ABV spiked still water brand after less than two years, according to a memo sent to wholesalers this week. Finally, Iron Heart Canning, the country’s largest mobile canning service provider, announced today an agreement to acquire Michigan Mobile Canning.

Last Call: Molson Coors Sued Over Vizzy Seltzer Name; Coronavirus Affects Beer Sales and Production in China

Last Call: Molson Coors Sued Over Vizzy Seltzer Name; Coronavirus Affects Beer Sales and Production in China

The parent company of Brizzy Seltzer Cocktails has filed a lawsuit against Molson Coors Beverage Company in U.S. District Court for the Western District of Texas, alleging that the second largest U.S. beer manufacturer’s Vizzy Hard Seltzer name “is nearly identical to Brizzy in sight, sound and appearance” and infringes upon its trademark.