Articles Tagged with 'Mergers & Acquisitions'

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.

Sprecher Brewing Company Sold to Milwaukee Investor Group

Sprecher Brewing Company Sold to Milwaukee Investor Group

A Milwaukee-based investor group has acquired the 35-year-old Sprecher Brewing Company. Sharad Chadha is leading the investor group, which includes former MillerCoors general manager Jim Kanter, who will serve on the brewery’s leadership team.

Molson Coors to Acquire Detroit’s Atwater Brewery

Molson Coors to Acquire Detroit’s Atwater Brewery

Molson Coors Beverage Company’s craft arm, Tenth and Blake, has reached an agreement to acquire Detroit, Michigan-based Atwater Brewing. Terms of the deal were not disclosed but the deal is expected to close in the next couple of months.

Reyes to Acquire Claypool Distributing in California

Reyes to Acquire Claypool Distributing in California

The Reyes Beverage Group is making another wholesaler purchase in California. Reyes’ Crest Beverage subsidiary announced Monday an agreement to acquire all of the assets of Imperial, California-based Claypool Distributing.