In the latest edition of Press Clips: Boston Beer strikes Truly sponsorship deal with NHL; Great Divide sells land in Denver; March First Brewing acquires Figleaf Brewing Company; and Yuengling partners with Pink Boots Society for scholarship.
In the latest edition of Press Clips: Founders Brewing’s sale to Mahou San Miguel is valued at $198 Million; Colorado Brewers Guild names new executive director; Dark Horse Brewing behind on mortgage and property taxes; and Dogfish Head sends artifacts to the Smithsonian.
Lighthouse Strategies’ long-rumored Great Lakes craft brewery acquisition finally became reality today. The maker of the Cannabiniers and Two Roots lines of cannabis-infused, non-alcoholic and alcoholic craft beers, announced today that it has reached a deal for Auburn Hills, Michigan-based Rochester Mills Production Brewery.
Rearrange the blocks, or sell them? That’s the question that Craft Brew Alliance CEO Andy Thomas seemed to be working through in a rare off-cycle conference call with investors and analysts today after his company’s largest playmate, Anheuser-Busch InBev, declined its long-held option to purchase the Portland, Oregon-headquartered craft beer maker.
Following last week’s news that Spanish brewer Mahou San Miguel had agreed to acquire a controlling stake in Michigan’s Founders Brewing Company, co-founder Mike Stevens told Brewbound that his goal of building “America’s next great brewery” remains unchanged. In fact, Stevens said Mahou’s investment brings that goal closer to reality.
The awkwardness between Craft Brew Alliance and Anheuser-Busch InBev didn’t end last Friday when the world’s largest beer manufacturer passed on making a qualifying offer to purchase the company. CBA CEO Andy Thomas told Brewbound that the awkwardness has shifted from a will-they, won’t-they-get-married scenario, to one in which the question is if the two companies still want to live together now that they’re no longer engaged.
In this week’s Last Call: California ABC Investigates Amazon; US Beer Shipments Down Again in July; Anheuser-Busch’s ZX Ventures Acquires Barbarian; MillerCoors Launches New Blue Moon Campaign
In a deal that will make it the largest wholesaler of Anheuser-Busch products in Massachusetts, Quality Beverage announced today an agreement to acquire Williams Distributing. Financial terms of the asset purchase, pending supplier approval, were not disclosed. The transaction is expected to close in October. Speaking to Brewbound, Quality Beverage president and CEO Conrad Wetterau said the company will add 2.8 million case equivalents (CEs) in the transaction from Williams Distributing.
In this week’s Last Call: Hops & Vines Sells to Ambiente Wine Parent Company; Braxton’s VIVE Named Hard Seltzer of NFL’s Bengals; North Carolina Governor Signs Law to Allow Pets in Breweries; Anheuser-Busch Announces Post Malone Bud Light Cans and ‘Busch Latte’ Packaging
Anheuser-Busch InBev is back in the craft beer M&A game. After a two-year hiatus following the May 2017 acquisition of Wicked Weed, the world’s largest beer manufacturer announced today the acquisition of Cleveland’s Platform Beer Co., a transaction that is expected to close in the third quarter.
Anheuser-Busch InBev announced today the acquisition of fast-growing Ohio craft brewery Platform Beer Co. Financial terms of the transaction were not disclosed. In a press release, A-B noted that Platform was “the fastest growing regional brewery in the United States in 2017.” According to data from the Brewers Association, the Cleveland craft brewery increased production from 6,500 barrels to 20,000 barrels that year.
Anheuser-Busch InBev’s innovation and growth division, ZX Ventures, has sold Minnesota-based homebrew supply retailer Northern Brewer to Blackstreet Capital Holdings LLC.
In this week’s Last Call: Angry Orchard’s security is accused of racial profiling; June U.S. beer shipments decline; Peter Coors calls for government to intervene on aluminum pricing in op-ed; Facebook imposes new alcohol restrictions; and more news.
Molson Coors has acquired financially troubled London craft brewery Hop Stuff. In a blog post, Hop Stuff founder James Yeomans said the company had been facing “financial difficulties in the recent months” that forced it to enter “administration,” a process similar to bankruptcy in the U.S., on July 12.