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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Is the food and beverage funding freeze finally thawing? FABID’s Q1 2025 Report reveals a surprising rebound in deal size and investor appetite—just not where you might expect.
Craft Collective and Homegrown Distribution have merged to form Craft Collective Homegrown Distribution (CCHGD) with statewide coverage in Massachusetts and Rhode Island, the companies announced today.
Two New England legacy craft houses are merging in a deal that unites 14 brands. The parent companies of Harpoon and Smuttynose – Mass. Bay Brewing Company and FinestKind Brewing, respectively – have merged to form Barrel One Collective, the companies announced today in news first shared with Brewbound.
Reyes Beer Division subsidiary Harbor Distributing has signed an agreement to acquire the assets of Elyxir Distributing LLC in the Monterey Bay Area (Santa Cruz, Monterey, and San Benito) of California, the company announced today in a press release.
The California Department of Public Health has rescinded a requirement that alcoholic beverages must be served with a meal, according to an industry advisory issued by the Department of Alcoholic Beverage Control.
The National Beer Wholesalers Association’s monthly Beer Purchasers’ Index bounced back from a dismal 35 reading in April to an overall index of 66 in May. Long-time Vermont Cider Co. executive Terry Hopper is exiting the maker of Woodchuck Hard Cider, effective today. And more industry news bites.
Fintech, a Tampa, Florida-based data, analytics and invoice processing platform for wholesalers, has acquired Armadillo Insight, a craft beer data and insights firm that specializes in chain retail placements.
The Reyes Beer Division has made its third acquisition in California of 2020, reaching an agreement to acquire the assets of Richmond, California-based Bay Area Beverage Company.
Cascade Brewing, a Portland, Oregon-based brewpub known for its sour and barrel-aged beers, has been sold to a group of four local investors who each have ownership stakes in other Oregon breweries.
The Reyes Beer Division has reached an agreement to acquire certain distribution rights from Sacramento, California-based Saccani Distributing Company. The acquisition will add 1.5 million cases to Reyes’ Golden Brands subsidiary, which sells 26 million cases to 14,000 accounts in Northern California.
Constellation Brands’ sale of Ballast Point to an investor group fronted by little-known Chicago upstart beer company Kings and Convicts officially closed on Monday.
The Boston Beer Company’s Truly Hard Seltzer will launch its Wild Berry flavor on draft nationwide on March 2, replacing the unflavored Truly on Tap draft offering that rolled out in August. Figueroa Mountain Brewing Company has laid off at least eight employees, according to the Full Pint.
Four lawsuits claiming that Craft Brew Alliance (CBA) omitted “material information” from a proxy statement related to the craft beer maker’s planned merger with Anheuser-Busch InBev have been dropped after the Portland, Oregon-headquartered company filed a supplemental report, according to a U.S. Securities and Exchange Commission filing on Tuesday.
The hard seltzer category could reach about 10% of the beer market in the next few years, according to research reports from two leading financial services firms. Meanwhile, FIFCO USA has stopped production of Pura Still, the 95-calorie, 4.5% ABV spiked still water brand after less than two years, according to a memo sent to wholesalers this week. Finally, Iron Heart Canning, the country’s largest mobile canning service provider, announced today an agreement to acquire Michigan Mobile Canning.
Chris Hollod wants to be known as one of the most active angel investors in the alcohol space. After about a decade of making investments with billionaire Ron Burkle and actor Ashton Kutcher, Hollod, a Los Angeles-based venture capitalist, struck out on his own in 2019 and has shifted his focus from investing in tech companies such as Airbnb, Uber, Spotify and Warby Parker, to investing in consumer packaged good companies, specifically “alternative alcohol” companies.”
The parent company of Brizzy Seltzer Cocktails has filed a lawsuit against Molson Coors Beverage Company in U.S. District Court for the Western District of Texas, alleging that the second largest U.S. beer manufacturer’s Vizzy Hard Seltzer name “is nearly identical to Brizzy in sight, sound and appearance” and infringes upon its trademark.
The U.S. Department of Justice is seeking additional information and documentation from Anheuser-Busch InBev and Craft Brew Alliance (CBA) as the two companies work toward a planned merger that was announced last November, according to a filing this morning with the U.S. Securities and Exchange Commission.