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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More dominos continue to fall as RNDC’s territory sell off continues. Leaders with Manhattan Beer & Beverage Distributors announced an agreement to acquire “distribution rights for a collection of wine and spirits brands” from RNDC’s New York joint venture with Opici Family Distributing.
Firestone Walker and Duvel USA have inked a “definitive agreement” to acquire the Stone Brewing brand from Sapporo USA.
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.
Another craft brewery is exploring a potential sale of the company. Melvin Brewing announced today it is seeking “a strategic partner” to “support and assist with current growth initiatives,” a process that could lead to the sale of the Alpine, Wyoming-based craft brewery.
In a nearly 2,500-word missive that opened with quotes from Metallica and Roman poet Heraclitus, Stone Brewing co-founder Greg Koch – one of the craft beer industry’s staunchest advocates for independence – reflected on what the sale of his company to Japanese brewing giant Sapporo means for his future… without ever typing the word “Sapporo.”
Sapporo’s acquisition of San Diego-based Stone Brewing Company will support a large expansion of the Japanese beer maker’s U.S. beer sales and production, according to a supplementary explanatory materials document filed by Sapporo Holdings.
Brian Rosen doesn’t want to invest in your vodka flavored with sriracha or lemon peel and cumin. The lifelong beverage entrepreneur and advisor is channeling his experience into growing spirit brands that instead have wide appeal, and he’s adding strategic capital through InvestBev, an investment firm focused on adult-beverage brands, raw distillate, beverage technology and cannabis.
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.
