Articles Tagged with 'Mergers & Acquisitions'

Cascade Lakes Brewing Sold to New Owners

Cascade Lakes Brewing Sold to New Owners

Father-and-son Bruce and Andy Rhine have acquired a majority stake in Bend, Oregon-based Cascade Lakes Brewing, the company announced Tuesday. Speaking with Brewbound, Andy Rhine said he and his father purchased ownership stakes held by previous owners Rick Orazetti and Doug and Ron Kutella. The Rhines now own 75 percent of the 25-year-old company.

DME Resumes Operations in Charlottetown Under New Ownership

DME Resumes Operations in Charlottetown Under New Ownership

Diversified Metal Engineering (DME) has returned from the brink of collapse. CIMC Enric Tank & Process B.V. yesterday closed on a deal to acquire the financially troubled Canadian brewing equipment manufacturer.

Anheuser-Busch to Acquire Fast-Growing Cutwater Spirits

Anheuser-Busch to Acquire Fast-Growing Cutwater Spirits

Anheuser-Busch InBev today announced the purchase of fast-growing Cutwater Spirits, a craft distilling venture that was originally born inside of Ballast Point Brewing & Spirits. Specific financial terms of the deal – A-B InBev’s first in the spirits space — were not disclosed.

ZX Ventures Fully Acquires RateBeer

ZX Ventures Fully Acquires RateBeer

ZX Ventures, Anheuser-Busch InBev’s venture capital arm, has acquired the remaining portion of beer ratings website RateBeer.com that it did not already own. Financial terms of the deal were not announced, but a spokesperson for ZX Ventures said the transaction had closed.

The 12 Most-Read Brewbound Stories of 2018

The 12 Most-Read Brewbound Stories of 2018

Industry headwinds, brewery acquisitions, the emerging cannabis sector, and the seemingly never ending battle between big and small beer makers were the focus of Brewbound’s most-read stories of 2018.

Artisanal Brewing Ventures Execs Discuss ‘100 percent’ Acquisition of Sixpoint Brewery

Artisanal Brewing Ventures Execs Discuss ‘100 percent’ Acquisition of Sixpoint Brewery

After four years of discussions with Sixpoint Brewery founder Shane Welch, Artisanal Brewing Ventures (ABV) finally completed a deal to purchase 100 percent of his Brooklyn-based craft brewery this week. Even though ABV had been courting Sixpoint for several years, it wasn’t until this summer when negotiations really began to heat up, John Coleman, CEO of ABV, told Brewbound.