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.
Calicraft has acquired the assets of Heretic Brewery and Distillery in Fairfield, California. Finance details of the transaction, which closed on August 5, were not disclosed.
Southern Glazer’s Wine & Spirits has plans to acquire Horizon Beverage Group, Southern Glazer’s announced today.
Spirit of Gallo is adding mezcal into its expanding super premium portfolio, while returning to top-end rum with an investment in Ron del Barrilito.
Fast-rising non-alcoholic beer maker Athletic Brewing Company has closed a $50 million “equity financing round” led by private equity firm General Atlantic, with several key investors from previous fundraising rounds also participating.
Five years ago, hard kombucha was expected to become the next big “fourth category” product, building off the initial momentum of hard seltzer, but promising bolder flavors and potential gut health benefits.
The mystery surrounding who would take over the now former Ballast Point production facility in San Diego is officially over. When Ballast Point owners Kings and Convicts announced in April that they had ceased production at the Miramar facility, whispers pointed to dedicated non-alcoholic (NA) beer maker Athletic Brewing Company taking over the space. The speculation proved true.
Mocktail Club, maker of a line of non-alcoholic canned cocktails, announced Monday it has received an investment from spirits industry capital and brand building firm Pronghorn, aimed at helping the Arlington, Va.-based business expand across the country.
Suntory Holdings has denied a Wall Street Journal report that Boston Beer was in talks to sell to the global spirits giant.
Anchor Brewing’s future was revealed today with the announcement that Hamdi Ulukaya, the billionaire founder and CEO of yogurt and dairy brand Chobani, has acquired the craft brewery and its 2.17 acre property in San Francisco’s Potrero Hill neighborhood, according to The San Francisco Standard.
Light lager brand Montucky Cold Snacks is “a big anchor” within Gallo’s total beverage alcohol strategy moving forward, as the wine and spirits giant enters the beer category, Gallo EVP and general manager Britt West told Brewbound.
Florida-headquartered Sunkey Beverage Holdings has reached an agreement to acquire Texas-based Silver Eagle Beverages, an independent Anheuser-Busch InBev (A-B) wholesaler.
Gallo is getting into the beer business via a strategic investment in Montucky Cold Snacks. The wine and spirits conglomerate that found success in recent years with spirit-based seltzer brand High Noon Sun Sips announced a partnership with the founders of the light lager brand.
Fresh off the announcement that he and his brothers and business partners have struck a deal to acquire Worcester, Massachusetts-based Wormtown Brewery, Jack’s Abby co-founder and CEO Sam Hendler discussed the deal in depth with Brewbound.
Jack’s Abby will acquire fellow Massachusetts-based craft brewery Wormtown Brewery, and will operate the two breweries under the newly created parent company Hendler Family Brewing Co.
