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.
Dallas, Texas-based Bishop Cider has struck a deal to acquire Wild Acre Brewing in Fort Worth, as well as the assets of Legal Draft Beer Co. in Arlington, the 10-year-old cider maker announced Thursday. The planned acquisitions are part of an ambitious expansion plan to open four new entertainment spaces – one each in Dallas, Arlington and two in Fort Worth.
Anheuser-Busch InBev’s beyond beer division is organizing itself around four priorities: hard seltzers, Cutwater Spirits, Nütrl Vodka Seltzer and Ghost Energy, beyond beer business unit president Fabricio Zonzini shared during Beer Marketer’s Insights’ spring conference in Chicago last week.
Sonoma County-based Golden State Cider founders Jolie Devoto and Hunter Wade have sold the 10-year-old business to Christopher and Ariel Jackson, according to The Press Democrat.
Heineken-owned Lagunitas Brewing Company has closed on the sale of its 50% stake in Santa Rosa, California-based Moonlight Brewing Company to Patrick Rue, the founder of Orange County’s The Bruery and owner of Erosion Wine Co. in St. Helena, California.
“We’ll know the future of Modern Times by the end of June, I can confidently say that,” Jennifer Briggs, CEO of the San Diego, California-based brewery, said during a discussion Tuesday with Brewers Association (BA) president and CEO Bob Pease at the Craft Brewers Conference (CBC) in Minneapolis.
PepsiCo CEO Ramon Laguarta was asked just one question about the carbonated soft drink maker’s plans in the beverage alcohol space, during the company’s Q1 2022 earnings call Tuesday.
Anheuser-Busch InBev is in “active discussions” to sell its non-controlling interest in its joint venture in Russia, Efes, to its partner, Turkish brewer Anadolu Efes, the company announced today. Meanwhile, A-B InBev has appointed Ricardo Tadeu to the newly created role of chief growth officer as part of a restructure of the company’s commercial leadership team.
About 30 employees have been let go following the integration of the Bell’s Brewery organization into New Belgium after the latter’s parent company, Kirin-owned Lion Little World Beverages, acquired the former last fall. The layoffs amounted to less than 3% of New Belgium and Bell’s combined workforce.
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.
