Articles Tagged with 'Mergers & Acquisitions'

Molson Coors Forms JV with Canadian Cannabis Company, Shares Q2 Results

Molson Coors Forms JV with Canadian Cannabis Company, Shares Q2 Results

Molson Coors Brewing Company today reported its second-quarter earnings, however the financial results took a backseat to news that its Canadian business division had formed a joint venture with a Quebec cannabis company. The JV between Molson Coors Canada and HEXO, a recreational cannabis “sister brand” to The Hydropothecary, a licensed producer and distributor of medical cannabis, will be structured as “a standalone start-up company” led by its own board and management team.

Divergent Growth Strategies Emerge in a Competitive Craft Beer Marketplace

Divergent Growth Strategies Emerge in a Competitive Craft Beer Marketplace

As the craft landscape has become increasingly competitive and as growth has slowed, some craft brewers are beginning to alter their approaches to expansion. While some companies have restructured their sales and marketing teams and laid off employees, others are starting to reexamine their brick-and-mortar strategies. Take the divergent paths of Other Half Brewing Company in Brooklyn and Renegade Brewing Company in Denver, for example.

Another International Acquisition: London’s Fourpure Brewing Sells to Kirin-Owned Lion

Another International Acquisition: London’s Fourpure Brewing Sells to Kirin-Owned Lion

As sales of U.S. craft beer have begun to slow, so too has the appetite for domestic dealmaking. More recently, however, there’s been an uptick in the number of international craft acquisitions — including a pair of well-regarded London-based breweries. London’s Fourpure Brewing Co. announced today a 100 percent sale to Australia-headquartered and Kirin-owned Lion Pty Limited.

In Texas, Hop & Sting Acquires the Grapevine Craft Brewery Brand and Assets

In Texas, Hop & Sting Acquires the Grapevine Craft Brewery Brand and Assets

Upstart Texas beer maker Hop & Sting Brewing Company has purchased the assets and brands of Grapevine Craft Brewery from owner Glen Harrod. Financial terms of the deal — which did not include the building and land — were not disclosed, but Hop & Sting co-owner Brian Burton told Brewbound that “it was something just barely within our budget.”

Beavertown Brewery Sells Minority Stake to Heineken International

Beavertown Brewery Sells Minority Stake to Heineken International

London’s Beavertown Brewery today announced that Heineken International B.V. would acquire a minority stake in the company, confirming a month-long rumor that the craft beer company was on the hunt for an investment partner. Terms of the deal, including the amount and the specific size of the stake sold, were not disclosed.

Deep Ellum Sells to Canarchy After Fallout with Storied Craft Breweries

Deep Ellum Sells to Canarchy After Fallout with Storied Craft Breweries

Texas’ Deep Ellum Brewing was sold to Fireman Capital-backed Canarchy Craft Brewery Collective for an undisclosed sum, founder John Reardon confirmed to Brewbound. The transaction, which closed on Friday, June 8, will give Dallas-based Deep Ellum a much-needed capital infusion to finish a $3 million expansion and immediate access to increased brewing capacity at Colorado-headquartered Oskar Blues Brewing’s satellite production facility in Austin, Texas.

Robot Brewing Takes Over the Funky Buddha’s Brewery and Hookah Lounge

Robot Brewing Takes Over the Funky Buddha’s Brewery and Hookah Lounge

Ryan Sentz has handed over the Funky Buddha Lounge & Brewery in Boca Raton, Florida, to family friend and homebrewer Allen Steen, who is transforming the space into the Robot Brewing Company & Quixotic Lounge. Sentz, the founder of Funky Buddha, told Brewbound that the transaction, which was finalized about a month ago, gives Robot Brewing the lounge’s 1-barrel brewery and neighboring homebrew supply shop for “zero dollars.”

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.