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.
Atlantic — a Holliston, Massachusetts-based craft beer, wine and spirits importer and wholesaler — announced today the acquisition of the operations of Bayside Distributors, which is also based in Holliston. The transaction will add 400,000 cases and $10 million in additional revenue to Atlantic’s business. Atlantic currently distributes 1.5 million cases of product.
Canadian non-alcoholic beer maker Partake Brewing has raised $4 million in the company’s first institutional funding round, which was led by San Francisco-based CircleUp Growth Partners.
The liquor license of New York City’s oldest beer garden — The Beer Garden at Bohemian Hall in Astoria — has been suspended for violating the state’s COVID-19 guidelines. Meanwhile, Dollar sales of hard seltzers in off-premise retailers will soon surpass craft beer sales, Brewers Association chief economist Bart Watson reported recently, citing data from market research firm IRI.
After helping orchestrate one of the biggest transactions in the craft beer space in 2019 — Kirin-owned Lion Little World Beverages’ acquisition of New Belgium Brewing — Simon Thorpe is on to his next project.
The Reyes Beverage Group announced plans today to merge operations of its Chicagoland wholesalers — Windy City Distributing and Chicago Beverage Systems — into one company by mid-October.
Molson Coors Beverage Company has hired Jennifer Martinez as senior director of corporate affairs. Also, the Breakthru Beverage Group announced that it has acquired the Miller portfolio of brands in southern Nevada, giving the multi-state beer, wine and spirits wholesaler the full Molson Coors portfolio in the state.
Kalamazoo, Michigan-headquartered Bell’s Brewery will enter its 42nd state later this year, with the addition of distribution to Oklahoma. Bell’s, the seventh largest Brewers-Association-defined craft brewery, will be partnering with Republic National Distribution Company of Oklahoma.
Deep Ellum Brewing Company founder John Reardon has filed a lawsuit against the CANarchy Holding Corporation — and its private equity firm Fireman Capital Partners — alleging that the craft brewery rollup has failed to make several payments related to the 2018 acquisition of the Dallas craft brewery.
Braxton Brewing has agreed to take over the taproom space and brewing equipment vacated by 3 Points Urban Brewery in Cincinnati, Ohio.
The fallout of Constellation Brands’ forced sale of its distribution rights in California to the Reyes Beer Division is still being felt. Anheuser-Busch and Triangle Distributing owner Peter Heimark announced Thursday an agreement to exchange distribution rights in California, according to a joint press release shared by A-B.
A Craft Brew Alliance (CBA) shareholder has filed a lawsuit against the Portland, Oregon-based craft beer maker, its board of directors and Anheuser-Busch InBev alleging that the world’s largest beer manufacturer exercised its influence over the smaller company to sell “on unfair terms.”
Anheuser-Busch InBev has named Golden Road co-founder Meg Gill as the new VP of marketing for its craft beer business division, the Brewers Collective.
Newport Craft Brewing and Distilling has added another New York City-based brand to its portfolio with the acquisition of Radiant Pig Beer Company, the company announced yesterday. Newport CEO Brendan O’Donnell told Brewbound that Radiant Pig, which Rob Pihl founded in 2013, gives Newport Craft more access to New York, “which is now really a closed market for new breweries.”
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.
