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.
Dutch brewing giant Heineken N.V. reported its first half 2021 earnings today, and its U.S. business division recorded “high-single digit” beer volume growth through the first two quarters of the year.
On-demand e-commerce retailer GoPuff has closed on a $1 billion Series H funding round, bringing the valuation of the Philadelphia-headquartered company to $15 billion; India’s United Breweries is now a part of Heineken N.V. following the Dutch brewing giant’s acquisition of a controlling interest in the maker of Kingfisher; and more news.
Spirits and Mexican import beer giant Constellation Brands put its official stamp of interest on the trend by investing in HOP WTR, an emerging brand of zero-calorie sparkling water infused with the fruity bittering agents as well as some on-trend functional or adaptogenic ingredients like L-Theanine (potentially providing relaxation and focus) and Ashwagandha (a purported stress reliever).
Anheuser-Busch plans to sell its wholly owned distribution business in Hawaii to multi-state wholesaler The Odom Corporation, the world’s largest beer manufacturer announced today.
The Reyes Beer Division has struck a deal to acquire Greenco Beverage in Greenville, South Carolina. Financial terms of the transaction were not disclosed. The deal is expected to close on September 24.
Next Glass’ beverage alcohol tech and media empire is crossing the northern border with the company’s acquisition of Ollie Order, an omnichannel marketplace for beverage alcohol sales and a tech platform for logistics and taxation tracking that is headquartered in Vancouver, Canada.
The westward expansion of Atlanta’s SweetWater Brewing Company under Canadian cannabis firm Tilray continues. After adding distribution in Colorado earlier this year, the company will go deeper in the Centennial State with the acquisition of a 32,450 sq. ft. production facility, taproom and restaurant in Fort Collins that previously housed the U.S. operations of Canada’s Red Truck Brewing Company since May 2017, and Fort Collins Brewery before it.
Consulting firm BW166 reported that label approvals for seltzer and seltzer-like products are accelerating, with approvals trending at 334 per month compared to the 228 per month in 2020. More than half (53%) of on-premise visitors went to a bar or restaurant during the July 4 weekend, according to CGA, an on-premise market research firm.
More than two years after making a splashy acquisition of Houston-based Silver Eagle Distributors, Redwood Capital Investments will acquire another independent Anheuser-Busch wholesaler. This time, the private investment firm is set to acquire Pepin Distributing in Tampa, Florida, Brewbound has confirmed with multiple sources.
The Reyes Beer Division has reached a deal to acquire Centreville, Maryland-based G & G Distributors, the company announced today.
Denver Beer Co. is joining the NFT scene.
Heineken has struck a deal to acquire additional shares of United Breweries Limited (UBL), making it the majority shareholder of the Bengaluru, India-headquartered conglomerate, the Dutch beer giant announced in a press release.
E-commerce convenience store delivery platform GoPuff has struck another deal to acquire a brick-and-mortar alcohol retailer, Louisville, Kentucky-based Liquor Barn, which operates 23 stores throughout the state.
Leading hard kombucha brewery JuneShine announced the completion of Series A funding today, led by several celebrity investors.
