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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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.
The San Diego craft brewery scene is once again getting shaken up by the Kings & Convicts. After acquiring the Ballast Point brand from Constellation Brands in 2019, the company is acquiring the brewing facilities and taprooms of Saint Archer from Molson Coors.
SweetWater Brewing parent company Tilray paid $5.1 million in cash and stock to acquire Green Flash Brewing and Alpine Beer Company last month, financial forms filed with the U.S. Securities and Exchange Commission showed. A purchase price of $5,133,000 for the San Diego-headquartered craft brands values their combined 2020 output of 34,000 barrels at $150.97… Read more »
The ownership of Utah’s Uinta Brewing has changed hands once again.
Atlanta-based SweetWater Brewing has filed a lawsuit against an artist who claims he is owed $31 million for the use of the brewery’s rainbow trout logos, Law360 reported.
National wine and spirits distributor Republic National Distributing Company (RNDC) has acquired the independent Anheuser-Busch InBev (A-B) beer wholesaler White Mountain Beverage in Alaska. Meanwhile, Breakthru Beverage Group is set to acquire Missouri-based beverage alcohol distributor Major Brands, following an agreement announced Wednesday.
San Marcos, Texas-based AquaBrew and Austin, Texas-based ShotGun Spiked Seltzer announced a merger agreement Tuesday.
Nashville, Tennessee-based Bearded Iris Brewing Co. has joined the Independent Brewers Union (IndieBrew), the craft tie-up pioneered by Atlanta-headquartered Scofflaw Brewing.
New Belgium CEO Steve Fechheimer and Bell’s Brewery EVP Carrie Yunker wrapped up Day One of Brewbound Live 2021 in Santa Monica, California, to discuss what comes next, following the sale of Bell’s to New Belgium’s parent company, Kirin-owned Lion Little World Beverages.
Tilray, the Canadian cannabis company and owner of Atlanta-based SweetWater Brewing, has struck a deal to acquire San Diego-based Green Flash Brewing and Alpine Beer Company.
Weeping Radish Farm Brewery founder Uli Bennewitz will hand over the reins of the 35-year-old craft brewery to a new owner at the end of this month and retire from the beer industry to focus on farming.
Global cannabis firm Tilray has acquired Breckenridge, Colorado-based craft spirits-maker Breckenridge Distillery, with the intent to create cannabis-infused, non-alcoholic distilled spirits, once federally permissible.
Next Glass, the parent company of social media platform Untappd, has acquired FermentAble, a brewery management software company. Ventura, California-based FermentAble was founded in 2015 by Darin Haener and Frank West. The platform is “designed to replace whiteboards and spreadsheets, providing simple-to-use software to manage inventory, scheduling, and all other aspects of the production side of running a brewery,” according to a press release.
Big Storm Brewing Co. has purchased the assets of Darwin Brewing Co. in Bradenton, Florida.
The rumored interest in a deal between Constellation Brands and energy drinks maker Monster has led to Wall Street analysts hypothesizing scenarios in which the two companies could potentially come together. The latest analyst to run through the hypothetical tie-up scenarios comes from RBC Capital Markets’ Nik Modi.
