Articles Tagged with 'Mergers & Acquisitions'

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.

Brewery Ownership Update: Fish Has New Owners; Granite City Files for Chapter 11

Brewery Ownership Update: Fish Has New Owners; Granite City Files for Chapter 11

Olympia, Washington-based Fish Brewing Company announced Tuesday that it has been sold to Josh Carrigan and Kate Craig after entering receivership earlier this year, the Olympian reported. Bloomington, Minnesota-headquartered Granite City Food & Brewery announced Tuesday that it has filed for Chapter 11 bankruptcy. The owners of Barley Forge Brewing agreed on Wednesday to sell their business to the owners of Green Cheek Beer Co.

Last Call: Alabama Breweries Merge; Truly Hard Seltzer to be Available on American Airlines Flights; Local Roots Acquires Latitude 33’s Facility

Last Call: Alabama Breweries Merge; Truly Hard Seltzer to be Available on American Airlines Flights; Local Roots Acquires Latitude 33’s Facility

Alabama’s Straight to Ale and Druid City Brewing merge. Truly Hard Seltzer will be offered on American Airlines flights. Kombucha brewer Local Roots acquires Latitude 33’s production facility. Anheuser-Busch InBev returns as official beer sponsor of the NHL and launches larger partnership with the NBA’s Brooklyn Nets.

Investor John Gallegos Becomes Majority Owner of SouthNorte Beer Co.

Investor John Gallegos Becomes Majority Owner of SouthNorte Beer Co.

California businessman John Gallegos has increased his investment in SouthNorte Beer Company, buying out Coronado Brewing’s minority stake in the brand and making him the majority owner of the San Diego, California-based microbrewery. SouthNorte was founded in 2016 as a partnership between Gallegos, San Diego-based Coronado Brewing, SouthNorte head brewer Ryan Brooks and Brandon Richards, the former CEO of SouthNorte and Coronado and the current president of AleSmith Brewing Company.

Foolproof Brewing Founder Lists Rhode Island Craft Brewery for Sale

Foolproof Brewing Founder Lists Rhode Island Craft Brewery for Sale

After seven years, Foolproof Brewing founder Nick Garrison is seeking a buyer for his Pawtucket, Rhode Island-based craft brewery. Foolproof’s assets include its 30-barrel brewhouse and 1,000 sq. ft. taproom, as well as the building and land the brewery sits on.

Constellation Brands to Sell Ballast Point to Small Chicagoland Brewer Kings & Convicts

Constellation Brands to Sell Ballast Point to Small Chicagoland Brewer Kings & Convicts

Four years after paying $1 billion for Ballast Point Brewing Company, Constellation Brands today threw in the towel on its big craft bet, announcing an agreement to sell the San Diego craft beer brand along with “a number of its associated production facilities and brewpubs” to Kings & Convicts, a little-known Chicagoland craft brewing company.

White Claw Maker Ups Production Facility Investments to $385 Million

White Claw Maker Ups Production Facility Investments to $385 Million

White Claw maker Mark Anthony Brands plans to spend $385 million — $135 million more than the previously projected $250 million — to build production facilities in New Jersey and at a still-undisclosed location in the western United States, founder and CEO Anthony von Mandl shared during the Beer Insights Seminar conference in New York on Monday.

Artisanal Brewing Ventures to Acquire Bold Rock Hard Cider

Artisanal Brewing Ventures to Acquire Bold Rock Hard Cider

Another day, another deal. One day after New Belgium announced a proposed sale to Kirin-owned Lion Little World Beverages, rollup play Artisanal Brewing Ventures (ABV) revealed an agreement to expand its portfolio beyond beer with the planned acquisition of Bold Rock Hard Cider in Nellysford, Virginia.