Mergers & Acquisitions

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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Featured Mergers & Acquisitions Content

Harpoon and Smuttynose Parent Companies Merge to Form Barrel One Collective

Harpoon and Smuttynose Parent Companies Merge to Form Barrel One Collective

Two New England legacy craft houses are merging in a deal that unites 14 brands. The parent companies of Harpoon and Smuttynose – Mass. Bay Brewing Company and FinestKind Brewing, respectively – have merged to form Barrel One Collective, the companies announced today in news first shared with Brewbound.

Additional Content

Original Owners to Reacquire Funky Buddha, Four Corners As Constellation Brands Exits Craft

Original Owners to Reacquire Funky Buddha, Four Corners As Constellation Brands Exits Craft

Constellation Brands is exiting the craft beer business. Constellation, which has found success with Mexican import brands Modelo, Corona and Pacifico, said it will divest of its craft and specialty division to refocus its efforts on its core brands. As such, Funky Buddha Brewery in Florida and Four Corners Brewing Co. in Texas will return to their respective original founders.

FX Matt and Flying Dog Leaders Discuss Sale Process, Future Opportunities

FX Matt and Flying Dog Leaders Discuss Sale Process, Future Opportunities

FX Matt Brewing Company and Flying Dog Brewery announced a deal Monday in which the New York legacy brand would acquire the Frederick, Maryland-based craft brewery and transfer all production to Utica, New York, later this summer. FX Matt CEO Fred Matt and new Flying Dog president Ben Savage shared details of the deal, the challenges Flying Dog has faced in the past and the opportunities ahead.

FX Matt to Acquire Flying Dog, Creating Top-10 BA-Defined Craft Brewery

FX Matt to Acquire Flying Dog, Creating Top-10 BA-Defined Craft Brewery

New York’s FX Matt Brewing Company has struck a deal to acquire Flying Dog Brewery in Frederick, Maryland, the companies announced today. Financial terms of the transaction were not disclosed. Flying Dog’s production will begin shifting to FX Matt’s Utica, New York-based production facility over the summer with operations in Maryland expected to stop “sometime in August.”

Last Call: The World Beer Cup Returns; Baltimore County Offers $500K to Keep Guinness Baltimore Blonde Local

Last Call: The World Beer Cup Returns; Baltimore County Offers $500K to Keep Guinness Baltimore Blonde Local

More than 300 winners were honored during the Brewers Association’s (BA) 2023 World Beer Cup (WBC) during Craft Brewers Conference in Nashville this week. Guinness Baltimore Blonde – the signature offering of brewing operations at Diageo’s Relay, Maryland-based production facility – has become such a local icon that one Baltimore County official wants to invest $500,000 in a local brewer to keep the beer flowing, according to the Baltimore Banner.

Fishers Island Lemonade Acquired by E. & J. Gallo’s Spirit of Gallo

Fishers Island Lemonade Acquired by E. & J. Gallo’s Spirit of Gallo

Spirits-based, ready-to-drink (RTD) canned cocktail brand Fishers Island Lemonade has agreed to be acquired by Spirit of Gallo, the spirits division of E. & J. Gallo, the companies announced today in a press release.

Press Clips: CPI for Beer Outpaces Inflation Again; Constellation Records $66.5M Impairment Charge for Craft Business; Lazy Magnolia Gets New Owners

Press Clips: CPI for Beer Outpaces Inflation Again; Constellation Records $66.5M Impairment Charge for Craft Business; Lazy Magnolia Gets New Owners

The Consumer Price Index (CPI) for beer both at home (+6.1%) and away from home (+5.5%) outpaced overall inflation (+5%) in March 2023 compared to March 2022, according to the U.S. Bureau of Labor Statistics (BLS). Constellation Brands recorded an impairment charge of $66.5 million pertaining to what’s left of its craft beer division in its fiscal year 2023 fourth quarter, according to its most recent 8-K form filed with the U.S. Securities and Exchange Commission (SEC).