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.
Making good on its promise to invest $100 million by 2028 in businesses founded or led by women, Constellation Brands today announced a minority investment in Press Premium Alcohol Seltzer through its Focus on Female Founders program.
Molson Coors Beverage Company today announced plans to fully acquire Atwater Brewery, a transaction that has been discussed on and off for the last couple of years, according to Mark Rieth, who has owned the Detroit craft brewery outright since 2005.
Molson Coors Beverage Company’s craft arm, Tenth and Blake, has reached an agreement to acquire Detroit, Michigan-based Atwater Brewing. Terms of the deal were not disclosed but the deal is expected to close in the next couple of months.
In this week’s Last Call: Schlafly acquires Trailhead Brewing; German keg company Blefa invests in American Keg; and Heineken and Bud Light launch non-alc and hard seltzer ad campaigns.
The Reyes Beverage Group is making another wholesaler purchase in California. Reyes’ Crest Beverage subsidiary announced Monday an agreement to acquire all of the assets of Imperial, California-based Claypool Distributing.
Mergers and acquisitions in the craft beer industry have evolved from a peak period of large corporate brewery buyouts to craft-on-craft deals and multi-brand craft roll ups, Cascadia Capital managing director Nicole Nugent Fry discussed during her presentation earlier this month at the Brewbound Live business conference in Santa Monica.
Olympia, Washington-based Fish Brewing Company announced Tuesday that it has been sold to Josh Carrigan and Kate Craig after entering receivership earlier this year, the Olympian reported. Bloomington, Minnesota-headquartered Granite City Food & Brewery announced Tuesday that it has filed for Chapter 11 bankruptcy. The owners of Barley Forge Brewing agreed on Wednesday to sell their business to the owners of Green Cheek Beer Co.
New Belgium Brewing Company’s employee owners have voted in favor of selling the company to Kirin-owned Lion Little World Beverages despite concerns over the Japanese beer giant’s business dealings in Myanmar.
Alabama’s Straight to Ale and Druid City Brewing merge. Truly Hard Seltzer will be offered on American Airlines flights. Kombucha brewer Local Roots acquires Latitude 33’s production facility. Anheuser-Busch InBev returns as official beer sponsor of the NHL and launches larger partnership with the NBA’s Brooklyn Nets.
California businessman John Gallegos has increased his investment in SouthNorte Beer Company, buying out Coronado Brewing’s minority stake in the brand and making him the majority owner of the San Diego, California-based microbrewery. SouthNorte was founded in 2016 as a partnership between Gallegos, San Diego-based Coronado Brewing, SouthNorte head brewer Ryan Brooks and Brandon Richards, the former CEO of SouthNorte and Coronado and the current president of AleSmith Brewing Company.
After seven years, Foolproof Brewing founder Nick Garrison is seeking a buyer for his Pawtucket, Rhode Island-based craft brewery. Foolproof’s assets include its 30-barrel brewhouse and 1,000 sq. ft. taproom, as well as the building and land the brewery sits on.
Richard Mahoney, the chairman of the board of The Wine Group, is the lead investor in Chicagoland craft brewery Kings & Convicts’ acquisition of Ballast Point Brewing Company from Constellation Brands, according to the ChicagoTribune. Brooklyn Brewery restructures sales force.
A family ownership group has reached a deal to acquire 32-year-old Anderson Valley Brewing Company.
Four years after paying $1 billion for Ballast Point Brewing Company, Constellation Brands today threw in the towel on its big craft bet, announcing an agreement to sell the San Diego craft beer brand along with “a number of its associated production facilities and brewpubs” to Kings & Convicts, a little-known Chicagoland craft brewing company.
