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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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.
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.
Middle-tier consolidation continues to chug along, this time in Alabama. Gulf Distributing Holdings in Mobile, the state’s largest beer wholesaler, completed the acquisition of Supreme Beverage Co. in Huntsville on December 4.
Molson Coors Beverage Company is further solidifying its relationship with L.A. Libations by investing in Arriba, a brand of michelada mixers operated by the California-based incubator.
Crescent Crown — which operates distribution territories in Louisiana and Arizona and sells more than 37 million cases of beverages annually — announced Monday a deal to acquire Jim Carey Distributing Company in Covington, Louisiana.
This week’s edition of the Brewbound Podcast discusses the opportunities and challenges ahead for Canadian cannabis company Aphria — which struck a $300 million deal to acquire Atlanta’s Sweetwater Brewing Company in early November — the size of the cannabeer market and more.
The Brewers Association announced last week the winners of five available seats on its board of directors. Orders of sparkling wine and champagne spiked on Saturday when news networks called the presidential election for former vice president Joe Biden, according to on-demand alcohol delivery marketplace Drizly.
The deal is finally done for Pabst Brewing Company to acquire the former Molson Coors production facility in Irwindale, California.
Philadelphia-headquartered, on-demand delivery platform goPuff today announced a $350 million deal to acquire off-premise beverage alcohol retailer BevMo. The transaction is expected to close within the next 30 days, pending “customary closing conditions.” Bloomberg first reported talks of a deal earlier today.
With the proposed acquisition of Atlanta-headquartered SweetWater Brewing Company yesterday, Canadian cannabis company Aphria believes it’s on the path to becoming a vice industry powerhouse.
Ontario cannabis company Aphria has reached a deal to acquire Atlanta, Georgia-headquartered SweetWater Brewing Company for $300 million in cash and stock.
Breakthru Beverage is getting out of the beer business in Wisconsin. “We are in the process of exiting the beer category in Wisconsin as part of Breakthru’s larger efforts to better manage our portfolio strategy,” Kevin Roberts, Breakthru EVP of supplier relations, said in a statement.
Next Glass, the tech parent company of beer-centric social media app Untappd and online beer community and event producer Beer Advocate, announced today it has reached an agreement to acquire e-commerce platform Oznr, formerly known as CraftCellr.
IRI®, a global leader in innovative solutions and services for consumer, CPG, retail and media companies, today announced that it has acquired Retail Solutions, Inc. (RSi), the leading provider of supply chain solutions for CPG manufacturers and retailers. The addition of RSi’s solutions to the industry-leading IRI Liquid Data® technology platform will offer the industry’s most comprehensive supply chain solution, as well as the largest repository of de-identified and anonymous consumer data assets in the CPG industry, delivering long-term increased value and impact to clients.
The Boston Beer Company has added Dogfish Head co-founder Sam Calagione and Snap Inc. (Snapchat) chairman Michael Lynton to the company’s board of directors. Philadelphia-headquartered GoPuff, essentially an on-demand delivery service for products ranging from snacks to alcohol, recently completed a $380 million funding round that takes the company’s valuation to $3.9 billion. And more news bites.
Bell’s Brewery’s portfolio will be excluded from the sale of Indianapolis-headquartered Monarch Beverages to the Reyes Beer Division, after the Comstock, Michigan-based regional craft brewer informed its distributors last year it would not allow its brands to be sold to certain successors.
