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.
California craft breweries Bear Republic Brewing and Drake’s Brewing will merge, according to reports. In the transaction, which is expected to be announced on Thursday, Drake’s will acquire Bear Republic’s formulas, recipes and intellectual property, according to SiliconValley.com.
Andrew Merinoff wants to invest in products that seem impossible to pull off.
San Diego-headquartered Kings & Convicts Brewing, which acquired Ballast Point from Constellation Brands in late 2019, will vacate the Encinitas taproom and Miramar production facility it took over from Molson Coors in January 2022.
Braxton Brewing Co. has formed a partnership with brand investment marketer Andrew Sauer to spin off its Garage Beer light lager into a new company: Garage Beer Co.
Anheuser-Busch InBev (A-B) may have ceded advertising exclusivity rights to Super Bowl LVII, but the world’s largest beer manufacturer will continue to have an outsized presence during breaks in the game.
Diageo is deepening its roster of top-tier brands in reaching an agreement to acquire super-premium dark rum label Don Papa Rum for an initial fee of $281.5 million, the company announced today.
Breakthru Beverage Group has signed an agreement to acquire Wine Warehouse, a California-based beer, wine and spirits distributor.
Tilray Brand’s acquisition of Montauk Brewing Co. closed November 7 for an initial purchase price of $35.11 million, according to a 10-Q filing as part of the publicly traded cannabis firm and growing craft brewery consortium’s Q2 2023.
Maui Brewing co-founder Garrett Marrero and former Modern Times CEO Jennifer Briggs shared their experiences on the sale process of the San Diego craft brewery last month during the Brewbound Live business conference.
Roadhouse Brewery Group closed on its acquisition of Alpine, Wyoming-based Melvin Brewing Co. on December 22.
A judge has denied Anheuser-Busch InBev subsidiary Grupo Modelo’s bid for partial summary judgment in its trademark infringement lawsuit against Constellation Brands for the company’s use of the Corona trademark for hard seltzer.
Andrews Distributing Company of North Texas has signed a purchase agreement to acquire the assets of Price Distributing Company in Ennis, Texas, the company announced Thursday. The transaction is expected to close today.
As 2022 nears a close, middle tier consolidation has yet to slow down. The latest deal involves self-described “consolidator of beverage alcohol distributors” Keg 1 and its Keg 1 River City LLC subsidiary striking a deal to acquire River City Distributing Company in Louisville, Kentucky.
An LLC led by the former president and CEO of Pittsburgh Brewing has acquired Weyerbacher Brewing following the Easton, Pennsylvania-based craft brewery’s second bankruptcy case, according to LehighValleyLive.com.
