Articles Tagged with 'Mergers & Acquisitions'

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.

Green Flash Acquires Nebraska-Based Production Facility

Green Flash Acquires Nebraska-Based Production Facility

Green Flash Brewing Co. announced plans today to open a third brewery — this time in the Midwest. The San Diego-headquartered company has acquired a 10,000 sq. ft., 10,000-barrel production facility with a tasting room and restaurant in Lincoln, Nebraska.

With Funky Buddha Purchase, Constellation Shifts Acquisition Strategy to ‘Local Brands’

With Funky Buddha Purchase, Constellation Shifts Acquisition Strategy to ‘Local Brands’

Constellation Brands has acquired fast-growing Florida-based craft beer producer Funky Buddha and, in the process, formed a new “High End Craft and Specialty” business group specifically tasked with overseeing the company’s present and future craft brewery purchases. Financial terms of the deal, which closed yesterday, were not disclosed. The structure is similar to Constellation’s 2015 purchase of San Diego’s Ballast Point Brewing, which was worth $1 billion, Brewbound understands. A sale price was not disclosed, but the all-cash deal is for 100 percent of the company, according to KC Sentz, who co-founded the brewery with his brother Ryan Sentz.

Constellation Brands Acquires Funky Buddha

Constellation Brands Acquires Funky Buddha

Constellation Brands today announced the acquisition of Florida-based Funky Buddha Brewery. Terms of the deal were not disclosed.

DuClaw Brewing Seeks a Buyer

DuClaw Brewing Seeks a Buyer

DuClaw Brewing Co. is officially on the market. The Baltimore, Maryland-based craft brewery today announced that it had retained investment banking firm Equity Partners HG to help identify an investor or buyer for the company.

Brooklyn Brewery Announces Sixth International Joint Venture

Brooklyn Brewery Announces Sixth International Joint Venture

Brooklyn Brewery and Danish brewer Carlsberg have announced yet another international craft brewing partnership — this time in Eastern Europe. The two companies have formed a joint venture with Švyturys Brewery, based in the port city of Klaipėda, Lithuania.