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.
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.
Escondido, California-based Stone Distributing has added San Diego-based Ashland Hard Seltzer and El Segundo Brewing to its Southern California portfolio.
Canned wine brand Maker has raised $2.3 million from more than 30 investors, to expand direct-to-consumer shipping of its offerings to 45 states.
Santa Rosa-based wine producer Vintage Wine Estates (VWE) has acquired Ace Cider, The California Cider Company, in Sebastopol, California. The transaction, which was announced Monday, closed today (November 16).
Anheuser-Busch InBev (A-B) is investing deeper into its beyond beer portfolio with the acquisition of Ocean City, Maryland-based hard tea maker Hoop Tea.
Hard kombucha-maker JuneShine announced today the completion of a $24 million Series B funding round, which will help fund several initiatives, including the launch of its first non-hard kombucha product.
Kirin-owned Lion Little World Beverages has struck a deal to acquire Bell’s Brewery, the second largest craft brewery in Michigan and the seventh largest Brewers Association-defined craft brewery by volume in 2020.
A pair of beverage alcohol e-commerce platforms are merging. E-commerce luxury spirits platform ReserveBar announced today that it will acquire Minibar Delivery, a marketplace that offers on-demand delivery of beer, wine and spirits.
Aiming to expand outside of the Midwest, Wisconsin-based craft brewery Sprecher Brewing Co. has acquired the brand portfolio of regional soda maker WIT Beverage Co. (WBC) for an undisclosed sum.
Madison, Wisconsin’s Ale Asylum will continue under new ownership, with no interruption in production or brewpub operations, the Wisconsin State Journal reported.
