Articles Tagged with 'Mergers & Acquisitions'

Maker of Two Roots Brewing Co. to Acquire Michigan’s Rochester Mills Production Brewery

Maker of Two Roots Brewing Co. to Acquire Michigan’s Rochester Mills Production Brewery

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.

Craft Brew Alliance Exploring All Options in the Wake of No Offer from A-B

Craft Brew Alliance Exploring All Options in the Wake of No Offer from A-B

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.

Founders Brewing Co-Founder Discusses Future Following Mahou San Miguel Deal

Founders Brewing Co-Founder Discusses Future Following Mahou San Miguel Deal

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.

CBA Seeks Answers on Future of Anheuser-Busch Partnership

CBA Seeks Answers on Future of Anheuser-Busch Partnership

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.

Quality Beverage Strikes Deal with Williams Distributing to Become Massachusetts’ Largest A-B Wholesaler

Quality Beverage Strikes Deal with Williams Distributing to Become Massachusetts’ Largest A-B Wholesaler

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.

Last Call: Hops & Vines Sells to Ambiente Wine Parent Company

Last Call: Hops & Vines Sells to Ambiente Wine Parent Company

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

Platform Co-Founder Discusses Reasons for Selling to Anheuser-Busch

Platform Co-Founder Discusses Reasons for Selling to Anheuser-Busch

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 Acquires Platform Beer Co.

Anheuser-Busch InBev Acquires Platform Beer Co.

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.

Molson Coors Acquires London’s Hop Stuff Brewery

Molson Coors Acquires London’s Hop Stuff Brewery

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.