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.
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.
Another independent canned cocktail maker boarded the “mother ship” last week when Constellation Brands announced the full acquisition of Austin Cocktails. It’s a move that’s in-step with the other global beverage companies picking up fast-growing RTD producers — but observers in the industry caution that the deal may not be the harbinger future RTD acquisitions.
The Reyes Beer Division is adding to its California map with the planned acquisition of Columbia Distributing’s business in Northern California, the companies announced this evening.
Two weeks after a jury sided with Stone Brewing in its trial against Molson Coors, the Escondido, California-headquartered craft brewer is tangled in another trademark infringement lawsuit – this time as the defendant. The founders of Laurelwood Brewing have bought back the distribution and brand rights of the Portland, Oregon-based company from Eugene, Oregon-based Ninkasi Brewing, The Oregonian reported Wednesday.
Constellation Brands’ beer business recorded an +11% increase in net sales growth, to $6.75 billion, for the company’s 2022 full fiscal year. FY 2022 marked the company’s 12th consecutive year of volume growth, with +8.8% shipments (sales to wholesalers) growth and +8.9% depletions (sales to retailers) growth – amounting to an additional 30 million case equivalents, CEO Bill Newlands said during a conference call with investors.
Cleveland-headquartered Great Lakes Brewing Company has hired long-time Boulevard Brewing brewmaster Steven Pauwels as its first chief operations officer, the company announced Thursday. Pauwels’ first day with Great Lakes will be April 4, a Great Lakes spokesperson shared with Brewbound.
Pennsylvania-based Broken Goblet Brewing, Trauger Brewing and Lucky Cat Beer Co. are merging their operations to form the Mutual Respect Brewing and Distilling Collective.
Another craft brewery is up for sale as a turnkey operation. Wisconsin’s Milwaukee Brewing Company is being offered for sale by asset disposition firm New Mill Capital.
Charlottesville, Virginia-based Three Notch’d Brewing Company has acquired the former Wild Wolf Brewing Company production facility and its 13 acres of land in Nellysford, Virginia.
Newport, Oregon-based Rogue Ales and Spirits has created a charitable beer to raise money for the crisis in Ukraine, following Russia’s invasion of the country on February 24.
Breakthru Beverage Group has reached a deal to acquire J.J. Taylor Companies’ beer business in Minnesota, the companies announced today. Financial terms of the transaction were not disclosed. However, Breakthru expects the deal to close in the spring, pending customary closing conditions. Once closed, Breakthru will consolidate its beer portfolio into J.J. Taylor’s 600,000 sq…. Read more »
Michigan-based Blake’s Hard Cider will acquire all the assets of Bend, Oregon-based Avid Cider Co., the companies announced Tuesday.
Squatters founders Peter Cole and Jeff Polychronis’ PRC Restaurant Company, along with boutique investment firm Sentry Financial and local investors, acquired the Salt Lake Brewing Company from CANarchy.
The rumored tie up between Constellation Brands and energy drink maker Monster Beverage is progressing and a deal could be completed in the coming weeks, according to a Bloomberg report.
