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.
Modern Times Beer and Ashland Hard Seltzer parent company Wings & Arrow has named Wes Van De Vort as CEO.
Young Lion Gets New Owner; Ex-Employee Sues Legion Brewing; Samuel Adams Drop a Cherry Bomb; Budweiser Drops Super Bowl LX Ad; People Moves at Holidaily, Bell’s; Athletic’s Bill Shufelt on Bold Names; Womrtown’s Patriot Place Taproom Gets a ‘Glow Up.’
Pac-Northwest wholesaler Columbia Distributing has struck a deal to acquire Point Blank Distributing, adding around 1 million cases to its annual case load of 60 million cases.
A pair of Nashville breweries are linking up. Jackalope Brewing has struck a deal to acquire Black Abbey Brewing. Under Jackalope’s stewardship, “Black Abbey’s distinct brewing identity and well-loved beers” will live on, according to the announcement.
A craft beverage platform is taking shape in San Diego. Latitude Brewing, the umbrella that includes Latitude 33 and Thorn Brewing, has acquired the House of Mason brand platform (Mason Aleworks, Eppig Brewing, Second Chance Beer Co., Castellum Ciders, Old Harbor Distilling and Swell Soda).
Check out these news items that were initially reported in the Brewbound Insider Newsletter January 12-14, including headlines from Molson Coors, Anheuser-Busch, Oskar Blues and more.
In the post-pandemic era of off-premise reliance, total beverage consumer habits and inflated costs of goods, craft brands have had to reevaluate their business strategies and band together to help return the segment to growth.
Reyes Beverage Group is “in active discussions” with Republic National Distributing Company (RNDC) “regarding potential business transactions” in six states, as well as Washington, D.C., a spokesperson confirmed to Brewbound today.
Seattle Cider’s production facility and taproom will close next month, the company announced today in a press release officially announcing the sale of the Seattle Cider brand to fellow Pacific Northwest craft cider 2 Towns Ciderhouse.
2 Towns Ciderhouse is preparing to add one more town to its name. The Corvallis, Oregon-based hard cider maker will acquire Seattle Cider’s brand, joining two of the most prominent cider names in the Pacific Northwest.
A “leading global beverage company” has made a $14 million strategic investment in InvestBev Capital’s flagship Fund V, the private equity firm announced today.
New funding could be a sign of optimism from the investor class as hemp-derived THC drinks await regulatory clarity.
We’ve compiled our most read stories of the past year, and one company dominated the headlines (with not the sunniest lineup of news): Anheuser-Busch InBev (A-B).
After five years in operation, Spirited Away, the first non-alcoholic (NA) bottle shop in the U.S., has a new owner.
