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.
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.
Large regional breweries that fall outside of the BA’s definition of a craft brewer collectively produced more than 8.64 million barrels of beer in 2021, a +2% increase on a comparable basis, according to data provided by the trade organization. The BA excludes companies that are at least 25% owned by a larger brewing company from its craft brewery data set and sets a production ceiling for BA-defined craft brewers at 6 million barrels.
Dallas, Texas-based Bishop Cider has struck a deal to acquire Wild Acre Brewing in Fort Worth, as well as the assets of Legal Draft Beer Co. in Arlington, the 10-year-old cider maker announced Thursday. The planned acquisitions are part of an ambitious expansion plan to open four new entertainment spaces – one each in Dallas, Arlington and two in Fort Worth.
Anheuser-Busch InBev’s beyond beer division is organizing itself around four priorities: hard seltzers, Cutwater Spirits, Nütrl Vodka Seltzer and Ghost Energy, beyond beer business unit president Fabricio Zonzini shared during Beer Marketer’s Insights’ spring conference in Chicago last week.
Sonoma County-based Golden State Cider founders Jolie Devoto and Hunter Wade have sold the 10-year-old business to Christopher and Ariel Jackson, according to The Press Democrat.
Heineken-owned Lagunitas Brewing Company has closed on the sale of its 50% stake in Santa Rosa, California-based Moonlight Brewing Company to Patrick Rue, the founder of Orange County’s The Bruery and owner of Erosion Wine Co. in St. Helena, California.
“We’ll know the future of Modern Times by the end of June, I can confidently say that,” Jennifer Briggs, CEO of the San Diego, California-based brewery, said during a discussion Tuesday with Brewers Association (BA) president and CEO Bob Pease at the Craft Brewers Conference (CBC) in Minneapolis.
PepsiCo CEO Ramon Laguarta was asked just one question about the carbonated soft drink maker’s plans in the beverage alcohol space, during the company’s Q1 2022 earnings call Tuesday.
Anheuser-Busch InBev is in “active discussions” to sell its non-controlling interest in its joint venture in Russia, Efes, to its partner, Turkish brewer Anadolu Efes, the company announced today. Meanwhile, A-B InBev has appointed Ricardo Tadeu to the newly created role of chief growth officer as part of a restructure of the company’s commercial leadership team.
About 30 employees have been let go following the integration of the Bell’s Brewery organization into New Belgium after the latter’s parent company, Kirin-owned Lion Little World Beverages, acquired the former last fall. The layoffs amounted to less than 3% of New Belgium and Bell’s combined workforce.
Hammond Beverage Group (HBG) has struck a deal to acquire North East, Maryland-headquartered Northeast Beverage Corporation. Financial terms of the deal, which is expected to close June 24, were not disclosed.
