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.
Sheehan Family Companies has reached an agreement to acquire some of the assets of Everett, Massachusetts-based Night Shift Distributing (NSD), including the distribution rights to Night Shift Brewing’s portfolio in Massachusetts and Connecticut, beginning October 18.
Reyes Beer Division’s Gold Coast Beverages has struck a deal to acquire “certain brand distribution rights” from Brown Distributing in West Palm Beach, Florida, according to an internal email seen by Brewbound.
Reyes’ appetite for acquisitions, especially in California, has yet to be satiated. The largest beer wholesaler in the U.S. today announced an agreement to acquire a large share of Classic Beverage’s beer portfolio in Southern California.
Australian beverage company Lion has acquired The Fermentum Group, the parent company of Stone & Wood Brewing, according to Australian Brews News.
BrewDog has formed an international joint venture with Japan’s Asahi as the Scottish craft brewer prepares to go public, the Financial Times reported earlier this week.
Contract brewer Community Brewing Ventures (CBV) has acquired the intellectual property of Charlotte, North Carolina’s Unknown Brewing Company, and will continue production of its beer brands.
San Diego-based Mission Brewery was sold in late July to a California holding company led by Kenneth Little, a partner in Brandes Investment Partners, according to documents filed with the California Secretary of State’s Office.
Madison, Wisconsin’s Ale Asylum plans to auction off its equipment and assets, as the company prepares to close its brewery and restaurant in October, according to New Mill Capital, the asset disposition firm handling the sale.
Ayr Wellness Inc. has entered into a binding letter of intent to acquire 100% of Massachusetts-based Cultivana, the parent company of cannabis-infused beverage brand Levia, for $20 million, the two companies announced earlier this week. The transaction is for $10 million in cash and the rest in stock. An additional $40 million will be paid in shares based on performance in 2022 and 2023. The deal is expected to close at the end of this year.
Production has begun at City Brewing’s Irwindale, California-based facility, five months after the brewery’s acquisition from Pabst Brewing, the company announced today.
Canadian cannabis producer Tilray Inc. has acquired a majority stake in the debt and warrants of dispensary chain MedMen in a deal valued at $165.8 million, the company announced today.
Spoetzl Brewery’s Shiner Beer launched its first new brand platform in five years last week, with a campaign to make Shiner a part of modern Texas culture, according to AdWeek.
The Federal Trade Commission (FTC) is investigating an agreement made in May between Uber and GoPuff that allows consumers to order items from the e-commerce delivery retailer via the UberEats delivery app, according to The Information.
Montucky Cold Snacks closed a Series A investment round totaling $5.7 million, the Bozeman, Montana-headquartered light lager brewer announced Thursday. “Since 2012, Montucky Cold Snacks has attracted a large and growing customer base of people who want a great tasting lager that supports causes they believe in,” CEO and co-founder Chad Zeitner said in a… Read more »
