Articles Tagged with 'Mergers & Acquisitions'

Brewers Association, NBWA Request Hearing Prior to MegaBrew Final Judgment

Brewers Association, NBWA Request Hearing Prior to MegaBrew Final Judgment

Nearly two years after the Department of Justice (DOJ) signed off on Anheuser-Busch InBev’s (ABI) $100 billion takeover of SABMiller, the government agency still has not completed its review of the merger. The DOJ and ABI filed a joint motion on March 15 asking U.S. District Court Judge Emmet Sullivan to approve the “proposed final judgment.” However, several groups have objected to the judgment, as it is currently written, and are now seeking a hearing in order to resolve anti-competitive concerns.

Last Call: International M&A Heats Up; Rebecca Spicer to Depart NBWA

Last Call: International M&A Heats Up; Rebecca Spicer to Depart NBWA

In this week’s edition of Last Call: International M&A heats up with Heineken, Pernod and Constellation; Rebecca Spicer to depart the NBWA; Michigan Senators vote to outlaw marijuana-infused alcoholic drinks; Sonoma County tallies the economic impact of Pliny the Younger; and more.

Anheuser-Busch’s ZX Ventures Acquires UK-Based Spirits Company

Anheuser-Busch’s ZX Ventures Acquires UK-Based Spirits Company

In recent years, Anheuser-Busch InBev’s “global growth and innovation team” ZX Ventures has invested in at least nine international breweries, and now the company is pushing into spirits. ZX Ventures today announced the acquisition of Atom Group, a United Kingdom-based spirits, eCommerce and import business. Specific financial terms of the deal were not disclosed.

Following Sale to VC Firm, Smuttynose Regroups

Following Sale to VC Firm, Smuttynose Regroups

Less than one month after announcing plans to purchase Smuttynose Brewing Company from Provident Bank, New Hampshire’s Runnymede Investments has finalized its deal for the struggling Portsmouth-area craft brewery and launched a 90-day plan aimed at helping it return to growth.

Smuttynose Sold to New Hampshire VC Firm

Smuttynose Sold to New Hampshire VC Firm

Despite initially reaching a verbal agreement to sell Smuttynose Brewing to a New Hampshire entrepreneur, Provident Bank has found another buyer for the distressed craft brewery. Runnymede Investments, a North Hampton-based venture capital and investment firm, has agreed to purchase the struggling brewery and restaurant for an undisclosed sum. The deal for Smuttynose comes exactly one week after the Portsmouth-area beer company was sold at a public auction to Provident Bank, its lead lender, for $8.25 million.

Last Call: Three Floyds Plans Huge Expansion; Pretty Things Founders Resurface

Last Call: Three Floyds Plans Huge Expansion; Pretty Things Founders Resurface

In this week’s edition of Last Call: Plans for Three Floyds’ brewery expansion are revealed; Pretty Things founders resurface in England; Hanson Spirits acquires Carneros Brewing’s production facility and taproom; Deschutes and Bluejacket announce can packaging releases; and more.

Smuttynose to be Auctioned Off Amid Missed Growth Projections

Smuttynose to be Auctioned Off Amid Missed Growth Projections

New Hampshire’s Smuttynose Brewing, citing overleveraging of investments and missed growth projections amidst increased competition from fellow craft brewers, is scheduled to be sold March 9 at a bank auction.

Seaboard Craft Beer Holdings Makes a 2nd Acquisition

Seaboard Craft Beer Holdings Makes a 2nd Acquisition

Seaboard Craft Beer Holdings, the parent company of Tampa Bay’s Big Storm Brewing Co., has acquired the assets of Cape Coral Brewing Co., a Florida brewery that shuttered in October after two years in business.

Texas’ Guns & Oil Takes Over Former Payette Brewing Facility in Idaho

Texas’ Guns & Oil Takes Over Former Payette Brewing Facility in Idaho

Texas-based contract brewery Guns & Oil Beer has reached an agreement to take over the former Payette Brewing Co. production facility located about two miles outside of Boise, in Garden City, Idaho. In a conversation with Brewbound, Guns & Oil founder Cary Prewitt said he’s taken out bank loans to finance the $1 million project, including acquiring Payette’s 15-barrel brewhouse. He added that he’s signed a five-year lease on the 11,000 sq. ft. property.