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 first major piece of RNDC’s territory fire sale is now complete. Reyes’ mega deal for 11 RNDC markets closed at the end of business on Friday, adding 38 million cases to its more than 360-million-case business.
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.
U.S. grocery chain giants Kroger and Albertsons are involved in merger discussions, which would create the largest supermarket chain in the U.S., Reuters reported.
The Reyes Beer Division continues to wheel and deal. Just one day after revealing a 16 million case deal for Capitol Wright Distributing in Austin, Texas, the largest beer wholesaler in the U.S. announced today an agreement to acquire Paradise Beverage in Hawaii, the company’s 12th market. The transaction is slated to close in early December.
The Reyes Beer Division will enter Texas, its 11th market, with the acquisition of Capitol Wright Distributing LLC. Financial terms were not disclosed but the transaction is expected to close in December.
Cannabis beverage producer Cann announced today it has acquired Toronto-based CBD drink maker Sweet Reason, marking the company’s first acquisition as it seeks to build out a platform for alcohol alternatives. Terms of the deal were not disclosed.
New Orleans-based Urban South Brewery will acquire Pensacola, Florida-based hospitality brand Perfect Plain Brewing Co. for an undisclosed amount.
Muskego, Wisconsin-based Eagle Park Brewing has struck a deal to acquire the intellectual property and recipes of Milwaukee Brewing Company (MKE).
Pilot Project, a Chicago-based brewery incubator, has closed a $8 million seed round, led by the Chicago investment group InvestBev.
New Orleans-based Faubourg Brewing Company has merged with Made By The Water (MBTW), a southeast-based portfolio company, with the plan “to be one of the largest craft beer producers in the United States.”
Ohio Eagle Distributing has a deal in place to acquire Anheuser-Busch InBev’s (A-B) AB ONE distribution operations in Lima, Ohio.
Heineken UK has acquired full ownership of Beavertown Brewery, four years after purchasing a minority share in the London-based company.
Sapporo’s $165 million acquisition of Stone Brewing officially closed Wednesday, August 31, giving the Japanese beer maker one of the top 10 craft breweries by volume in the U.S. in 2021 and the 18th largest brewing operation overall.
When Maui Brewing’s acquisition of Modern Times Beer closes in late October, the newly formed parent company will be called Craft ‘Ohana – the Hawaiian word for “family,” Maui announced today.
Less than 24 hours after reports began circulating of a potential deal, Keurig Dr Pepper (KDP) is distancing itself from a proposed acquisition of Bang Energy.
As the sale of Modern Times to Maui Brewing inches closer, the San Diego craft brewery has provided notice of plans to lay off more than 120 workers in early October. However, many of the affected employees are expected to be rehired by the Hawaii-headquartered acquirer of Modern Times once the sale closes in the fall.
