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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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.
A pair of big red network distribution deals were announced in the last 24 hours. Anheuser-Busch InBev has agreed to purchase the distribution rights of its brands, as well as “certain craft/NA brands,” from Advance Beverage Company in Bakersfield, California. Meanwhile, Southern Glazer’s Wine & Spirits inked a deal for independent A-B distributor Clare Rose on Long Island.
After a three-week sprint to finalize deals to acquire BrewDog’s business on three continents, Tilray Brands’ first order of business is to “stabilize the brand,” Tilray CEO Irwin Simon told Brewbound.
Anchor SF Cooperative (ASFC), a group of former Anchor Brewing workers, has launched a WeFunder campaign to help its efforts to “carry on the legacy of Anchor Brewing.”
Brooklyn-based Other Half Brewing Company has a deal to purchase Young Lion Brewing Company’s brewery and taproom in Canandaigua, New York, the companies announced today. The Young Lion brand and intellectual property was not included in the transaction.
After 10 years in business, Portland, Oregon-based Ecliptic Brewing has agreed to be acquired by Great Frontier Holdings – the craft beverage platform formed by the merger of Ninkasi Brewing and Wings & Arrow earlier this year. Citing a “really challenging” “past two years,” Ecliptic founder John Harris announced the sale on the brewery’s social media pages Wednesday evening.
Blake’s Hard Cider and Austin Eastciders are merging under the Blake’s Beverage Company umbrella, bringing together the top-selling cider brands in Texas and Michigan and creating the second-largest cider company in the U.S, the company announced today.
Massachusetts-based Quality Beverage has filed a lawsuit against Constellation Brands, alleging the bev-alc giant has interfered with its pending sale to wine and spirits wholesaler Martignetti Companies.
New Belgium CEO Steve Fechheimer and Bell’s Brewery EVP Carrie Yunker wrapped up Day One of Brewbound Live 2021 in Santa Monica, California, to discuss what comes next, following the sale of Bell’s to New Belgium’s parent company, Kirin-owned Lion Little World Beverages.
Several big deals have gone down in 2022, from the sale of Stone Brewing to Sapporo, to Tilray’s recent acquisition of Montauk Brewing. Those transactions have one thing in common: investment bank Arlington Capital Advisors. Arlington director Ryan Lake will speak one-on-one about the current dealmaking landscape for craft breweries, carbonated soft drink makers’ interest in bev-alc, the level of interest in fourth category products, growing middle tier consolidation and much more.
Eagle Park Brewing co-founder Max Borgardt discusses acquiring and reviving legacy brand Milwaukee Brewing Company (MKE). The Wisconsin craft brewery acquired MKE’s brands and recipes a year ago. Borgardt gives an update on the integration of the two brands and plans for the future.
Manna Beverages & Ventures (MB&V) is set to acquire California-based co-packer Nor-Cal Beverage Company for an undisclosed sum, the company announced today. The deal is subject to due diligence and approvals.
As the momentum behind zero-proof drinks shows no signs of abating, leading non-alc retailer Boisson is taking steps to secure its place within the expanding category, bringing on a new CEO and announcing today that has received funding in a $5 million bridge round from Convivialité Ventures, the VC arm of Pernod Ricard, and Connect Ventures.
Vermont’s Lost Nation Brewing is at a crossroads. The business is seeking a new equity partner to buy out one of its co-founders or a complete turnkey sale of the brewery. Both options remain on the table.