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.
Submit M&A News
If you’ve recently raised a round of funding or have news related to beer industry investment, submit your news to your team.
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.
Following the news that Stone Brewing Company is in the process of being sold to Japan’s Sapporo Holdings for $165 million, Stone CEO Maria Stipp and director of public relations and communications Lizzie Younkin spoke with Brewbound Friday morning about the proposed deal.
Stone Brewing Company is being sold to Sapporo Holdings, the two companies announced today.
Court records filed in the wake of last Friday’s auction for San Diego craft brewery Modern Times give a closer look at bidding play-by-play, and the tension between qualified bidders MTD Asset Acquisition and BX MT BAMF LLC. Earlier this week, MTD (the group referred to during the auction as North Carolina brewery Tru Colors), whose $20.1 million bid was not accepted as the winning bid, filed an objection to the sale of Modern Times to BX MT (an affiliate of Brewery X in Anaheim), and submitted a new bid of $21 million. MTD claims priority was given to Brewery X’s bid due to its inclusion of a shorter closing period, despite what it believes was a previous guarantee that such conditions would not be weighted in choosing a winning bid. Those efforts caused a federal judge to table a hearing Monday set to confirm the sale of the brewery.
Encompass Technologies, a comprehensive cloud-based ERP, CRM, eCommerce, and data solutions provider for the food and beverage industry, has acquired vintrace, a global leader in cloud-based winery production software.
As middle-tier consolidation marches on, distributors have a new service partner to advise on mergers and acquisitions, as Arlington Capital Advisors (ACA) and the Bump Williams Consulting Company (BWC) announced today the formation of a “strategic alliance” between the two firms.
The three-way deal through which Harpoon’s parent company will acquire Long Trail Brewing in Vermont and WhistlePig Whiskey will acquire one of the latter’s production facilities, came about through long-standing personal relationships, Mass. Bay Brewing Company CEO and co-founder Dan Kenary explained to Brewbound.
Two pioneering New England craft breweries are joining forces: Harpoon parent company Mass. Bay Brewing in Boston has struck a deal to acquire Long Trail Brewing Company in Bridgewater Corners, Vermont.
Point-of-sale (POS) system provider Arryved has acquired Craftpeak, which offers website development and e-commerce capabilities for craft beverage producers.
A California superior court judge signed an order Monday approving bidding procedures and setting forth the schedule for the auction of San Diego craft brewery Modern Times, according to Orange County Superior Court of California court records.
Two of the biggest names in beverage-alcohol data are joining forces. Global data giant NielsenIQ announced today it has acquired on-premise data firm CGA, in which it initially invested in 2009.
The buyer of Cincinnati Beverage Co. (CinBev) and its portfolio of craft beer brands has finally come forward.
Live Oak Bank filed an objection today in the Orange County Superior Court of California, contesting the jurisdiction of the court to relieve debts owed by Modern Times Beer to Live Oak, as well as the sale of assets at Modern Times’ flagship Anaheim location, as part of the sale of the San Diego craft brewery.
Modern Times CEO Jennifer Briggs spoke to Brewbound Tuesday, with an update on the impending sale of the San Diego-based brewery.
Kihei, Hawaii-based Maui Brewing Company has placed a “stalking horse” bid to acquire San Diego, California-based Modern Times Beer, which has been accepted by a court-appointed receiver.
