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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The deal environment within the craft brewing industry is “a bit slow” with “a lot of volatility, a lot of uncertainty,” which isn’t very conducive to dealmaking, Arlington Capital Advisors managing director Ryan Lake shared during the 2023 Brewbound Live business conference earlier this month.
Ty Gilmore, president of Tilray Brands’ U.S. beer division, estimated that he receives around two to three calls a day from potential sellers looking to join the Canadian cannabis firm’s craft brewery platform.
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.
Japanese brewing giant Asahi aims to reach 1 million hectoliters – more than 850,000 barrels – in production in the medium-term following its acquisition of Wisconsin contract producer Octopi Brewing. Victoria Segebarth, managing director of EMEA & Americas at Asahi Europe & International, discussed the company’s plans for Octopi’s facility in Waunakee, Wisconsin, the acquisition… Read more »
Matagrano, an independent South San Francisco-based Anheuser-Busch distributor, has inked a deal to acquire Bottomley Distributing, which services Silicon Valley and the South Bay Area.
Martignetti Companies has closed on its acquisition of Quality Beverage, according to a press release. Financial terms of the deal, which was announced in April 2023, were not disclosed.
The fallout surrounding the conservative-led boycott of Anheuser-Busch’s (A-B) Bud Light brand and the accelerated declines that ensued accounted for three of Brewbound’s top stories of 2023. The internal machinations at A-B, including a reshuffling of its craft division, also piqued Brewbound readers’ interests. As we close out the year, here’s a look back at the 10 most-read stories of 2023.
Campari has committed to acquiring cognac Courvoisier from Beam Suntory for an initial price of $1.2 billion, amounting to the biggest deal in the Italian spirit group’s history.
Two Massachusetts breweries – Dorchester Brewing Company and Aeronaut Brewing Company – will merge next year under a new parent company, Tasty Liquid Alliance, the two companies announced today.
Lafayette, Colorado-headquartered Westbound & Down (W&D) has acquired Aspen Brewing and Capitol Creek Brewery from High Country Brewing LLC. The deal, which closed December 1, includes Aspen’s 7,000-barrel capacity production facility and both breweries’ brewpubs.
Craft Vermont is being sold to Farrell Distributing (a Molson Coors distributor) and Baker Distributing (an Anheuser-Busch house), in a transaction expected to close in February, according to Beer Marketer’s Insights.
The Chicagoland grocery industry got a little more interesting today with the announcement that modern convenience chain Foxtrot and natural grocery chain Dom’s Kitchen & Market will be merging in an all-stock deal that will create a new holding company called Outfox Hospitality.
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.