Read the latest beer industry financial news and reporting relating to investment, mergers and acquisitions. Explore the biggest deals, as well as what the financial future looks like for breweries in terms of capital availability, deal terms, lending, and the strategic marketplace in order to help shape your planning strategy for the short and medium term.
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More dominos continue to fall as RNDC’s territory sell off continues. Leaders with Manhattan Beer & Beverage Distributors announced an agreement to acquire “distribution rights for a collection of wine and spirits brands” from RNDC’s New York joint venture with Opici Family Distributing.
Firestone Walker and Duvel USA have inked a “definitive agreement” to acquire the Stone Brewing brand from Sapporo USA.
Molson Coors has struck a deal to acquire spirits-based, ready-to-drink (RTD) cocktail pioneer Atomic Brands, whose Monaco Cocktails entered the then-nascent space in 2012. The deal should come as no surprise, as it aligns with Molson Coors’ goals to expand its beyond beer portfolio, part of the Horizon 2030 plan CEO Rahul Goyal outlined earlier this year.
BrewDog co-founder James Watt’s second act in beer is Second Best – and he’s offering a percentage of the new venture to his original craft brewery’s investors, who were shut out of proceeds following BrewDog’s sale to Tilray Brands earlier this year.
An acquisition that “just feels right to everyone” is in the works in Washington, Bale Breaker Brewing co-owner Kevin Quinn told Brewbound. Yakima, Washington-based Bale Breaker has struck a deal to acquire Seattle’s Cloudburst Brewing as its founder Steve Luke prepares to move to New Zealand, where his wife has taken a job.
The brewing floor of the house that Boom Sauce built is about to go quiet, as Evergreen Collective – the parent company of Lord Hobo and Lone Pine – prepares to shift production to Isle Brewers Guild (IBG) in Pawtucket, Rhode Island.
Two months on the market, celebrity-founded non-alcoholic beer Crazy Mountain has received $15 million in seed funding round led by investment firm CAVU Consumer Partners.
Indianapolis-based Sun King Brewing has expanded its empire with the acquisition of Hotel Tango Whiskey’s brand assets, the brewery announced this week.
Brooklyn-based non-alcoholic beverage maker St. Agrestis, best known for its Phony Negroni line of bottled RTD mocktails, has been acquired by The Wine Group (TWG) for an undisclosed sum.
The will-they, won’t-they between Brown-Forman and Pernod Ricard has ended with an emphatic they won’t. The spirits giants announced today they “were unable to reach mutually agreeable terms,” ending discussions regarding a potential combination of their businesses.
Spirits giant Sazerac announced today a “strategic partnership” with 818 Tequila, the brand founded by model and reality TV star Kendall Jenner.
Another piece of Republic National Distributing Company’s business appears to be on the move. Columbia Distributing has entered into a non-binding letter of intent to acquire “certain wine and spirits distribution rights” in Oregon and Washington state, as well as “an asset arrangement in Alaska.”
Philadelphia’s Evil Genius Beer Co. has acquired the 21st Amendment (21A) brand, reviving its offerings after the 25-year-old San Francisco brewery shut down last year.
Sazerac offered to acquire Brown-Forman for about $15 billion, according to a new report from the Wall Street Journal.
Check out these news items, initially reported in the Brewbound Insider Newsletter April 13-15, including headlines from Constellation Brands, Anheuser-Busch InBev, Garage Beer and more.
Mark Anthony Brands announced it has struck a deal to acquire the Finnish Long Drink, the popular gin-based, ready-to-drink (RTD) canned cocktail. The company expects the transaction to close in the coming weeks.
Molson Coors-aligned Baker Distributing acquired fellow Vermont blue/silver network house Calmont Beverage last month, according to a memo to suppliers obtained by Brewbound.
