Articles Tagged with 'Mergers & Acquisitions'

Molson Coors Acquires London’s Hop Stuff Brewery

Molson Coors Acquires London’s Hop Stuff Brewery

Molson Coors has acquired financially troubled London craft brewery Hop Stuff. In a blog post, Hop Stuff founder James Yeomans said the company had been facing “financial difficulties in the recent months” that forced it to enter “administration,” a process similar to bankruptcy in the U.S., on July 12.

Reyes to Acquire 28 Million Cases From DBI Beverage in Northern California

Reyes to Acquire 28 Million Cases From DBI Beverage in Northern California

The largest beer wholesaler in the U.S. has made another big acquisition in California. Reyes Holdings today announced that subsidiary Harbor Distributing LLC has reached an agreement to acquire DBI Beverage Inc.’s assets in Northern California. The news comes one week after Reyes sold its Reinhart Foodservice division to Performance Food Group Company for $2 billion.

Celis Brewery to be Sold at Public Auction on July 2

Celis Brewery to be Sold at Public Auction on July 2

Financially troubled Celis Brewery is scheduled to be auctioned off during two separate public auctions slated for July 2. According to public sale notice in the Austin American Statesman last Friday, the building housing the Austin craft brewery at 10001 Metric Boulevard will be auctioned off during a public foreclosure sale at the Travis County Courthouse on the morning of July 2.

Brewing Equipment Maker Ss Brewtech Sold to Illinois Appliance Manufacturer

Brewing Equipment Maker Ss Brewtech Sold to Illinois Appliance Manufacturer

An Illinois-headquarter maker of industrial, commercial and residential kitchen appliances has bought into the brewing equipment business. The Middleby Corporation today announced the acquisition of CM Brewing Technologies LLC, the parent company of California-based brewing system maker Ss Brewtech.

Boston Beer Company and Dogfish Head Agree to Merge in $300 Million Deal

Boston Beer Company and Dogfish Head Agree to Merge in $300 Million Deal

Eight years ago, Dogfish Head and Boston Beer Company teamed up to brew a collaboration beer for the annual SAVOR craft beer and food pairing experience. Today, the two companies announced the signing of a definitive merger agreement valued at about $300 million. The deal is expected to close in the second quarter. As part of the transaction, Dogfish Head co-founders Sam and Mariah Calagione will receive about 406,000 shares of Boston Beer stock (NYSE: SAM), valued at $314.60 per share, making them the largest non-institutional shareholders in the company, behind Boston Beer founder Jim Koch.

Gordon Biersch Co-Founder Reclaims Majority Stake in Decades-Old Brewery

Gordon Biersch Co-Founder Reclaims Majority Stake in Decades-Old Brewery

Dan Gordon has regained majority control of Gordon Biersch Brewing Company. A new investor group assembled by Gordon has acquired the San Jose, California-based production brewery from the Fertitta family — founders of Nevada’s Station Casinos and Zuffa, the parent company of the Ultimate Fighting Championship, which sold for more $4 billion to WME-IMG in 2016.

Schlafly Sold Again: Sage Capital Sells Controlling Stake in Saint Louis Brewery Back to Family

Schlafly Sold Again: Sage Capital Sells Controlling Stake in Saint Louis Brewery Back to Family

The Schlafly family once again has controlling interest of The Saint Louis Brewery, makers of Schlafly Beer. More than seven years after acquiring a majority interest in the Saint Louis craft brewery, private equity firm Sage Capital, as well as several current and former Schlafly Beer employees, including co-founder Dan Kopman, have sold their stakes in the business to a new investor group led by David Schlafly, a real estate developer and cousin of brewery co-founder Tom Schlafly.

As Rumors of Financial Woes Persist, Celis Brewery’s Future Remains Uncertain

As Rumors of Financial Woes Persist, Celis Brewery’s Future Remains Uncertain

Rumors of financial troubles, layoffs and a possible bankruptcy filing have swirled around the Celis Brewery in Austin, Texas, for the better part of 2019, and more information about the company’s future could be revealed in the coming days. A new investor group led by a beer industry outsider is reportedly considering a deal to acquire the distressed brewery, Brewbound has learned.

Weyerbacher Sells Majority Stake to Private Investment Group, Files for Chapter 11 Bankruptcy

Weyerbacher Sells Majority Stake to Private Investment Group, Files for Chapter 11 Bankruptcy

Weyerbacher Brewing Company today announced the sale of a majority stake in the company to 1518 Holdings LLC, a Philadelphia-based private investment group. Speaking to Brewbound, newly named president Josh Lampe, who previously served as chief operating officer and has supplanted brewery founder Dan Weirback as the company’s leader, said 1518 Holdings had acquired a 55 percent stake in the 24-year-old business.