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.
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.
New Jersey’s largest craft brewery has struck a deal to acquire one of the state’s oldest. Cape May Brewing announced today it will acquire Flying Fish Brewing Company in Somerdale, New Jersey. Financial terms of the deal, which is set to close next month, were not disclosed.
Six major U.S. beverage equipment makers are merging to form Lotus Beverage Alliance, designed as an end-to-end services provider for craft drinks.
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).
Dokkaebier, the Northern California brand inspired by Asian culinary ingredients, has its first brick-and-mortar location after acquiring Oakland-based Federation Brewing last week. “Definitely, it gives us a lot of opportunity to see a lot of customers in person,” Dokkaebier founder and CEO Youngwon Lee told Brewbound. “I think it is very critical to have customers… Read more »
California Black-owned breweries Full Circle Brewing and Speakeasy Ales & Lagers announced a merger today that the companies say will create the largest Black-owned brewing company in the U.S.
Wine and spirits distributor Martignetti Companies has struck a deal to acquire Massachusetts-based beer wholesaler Quality Beverage, the companies announced today in a press release.
Expect more Voodoo Ranger beers to flood the market. New Belgium Brewing has struck an agreement to acquire the Daleville, Virginia-based production facility Constellation Brands built in 2017.
Pernod Ricard has made a play for flavored whiskey by acquiring a majority stake in peanut butter flavored Skrewball whiskey, the company announced today.
Ale Asylum’s flagship Hopalicious pale ale is back from the dead, eight months after the Wisconsin brewery closed its doors, thanks to another Madison brewery.
Two Washington state craft- and import-centric distributors are shutting down in the wake of their parent company’s sale to PepsiCo.
Sierra Nevada Brewing Co. has made a minority investment in Riot Energy, a Venice, California-based energy drink company. The California brewery will “initially serve as an investor,” but will “eventually produce and package Riot Energy products” once its CanDo Innovation Center is up and running.
21st Amendment Brewery has “reimagined” its 120,000 sq. ft. production facility in San Leandro, California, into a canned beverage co-packing facility capable of producing beer, non-alcoholic beer, FMBs, seltzers, canned cocktails, energy drinks, juices, sodas and more, the company announced this week.
Premium craft lager brand House Beer is revving things up in 2023 with new ownership. The decade-old company is set to be acquired by motocross athlete Carey Hart.
