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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The first major piece of RNDC’s territory fire sale is now complete. Reyes’ mega deal for 11 RNDC markets closed at the end of business on Friday, adding 38 million cases to its more than 360-million-case business.
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.
Another day, another deal. One day after New Belgium announced a proposed sale to Kirin-owned Lion Little World Beverages, rollup play Artisanal Brewing Ventures (ABV) revealed an agreement to expand its portfolio beyond beer with the planned acquisition of Bold Rock Hard Cider in Nellysford, Virginia.
Another member of the old guard of craft brewing sold today when Kirin-owned Lion Little World Beverages announced a “definitive agreement” to acquire 100% of New Belgium Brewing Company in an all cash transaction.
Molson Coors announced today it has taken a minority ownership stake in California-based beverage incubator L.A. Libations, a move that gives the beer conglomerate access to a broad portfolio of brands as it moves to expand its play in non-alcoholic categories. Terms of the deal were not disclosed.
Over the last eight weeks, Anheuser-Busch InBev and Craft Brew Alliance (CBA) have been working together to finally complete a merger of the long linked together beer companies. The culmination of that work came Monday with the announcement that A-B, which owns 31.2% of CBA, would acquire the remaining stake in the publicly traded Portland, Oregon-headquartered craft brewing company.
The Reyes Beverage Group, the nation’s largest beer wholesaler, has struck its second deal in Virginia in the past 13 months, according to a press release. Premium Distributors of Virginia, a Reyes subsidiary, announced Friday that it has acquired the distribution rights of Winchester, Virginia-based Dixie Beverage Company. The deal will add 280,000 cases to… Read more »
Dogfish Head co-founder Sam Calagione shared how the first 149 days of his company’s merger with the Boston Beer Company was progressing during Brewbound’s final Brew Talk meetup of 2019. Calagione pointed to goals of brand longevity and growth outside Dogfish Head’s homebase of the Mid-Atlantic region as the reasons for forming a business partnership… Read more »
Six months after acquiring a majority stake in Oregon’s Ninkasi Brewing, Legacy Breweries Inc. today announced the acquisition of two smaller craft breweries, Aspen Brewing in Colorado and Laurelwood Brewing in Oregon.
The Reyes Beverage Group, the largest beer wholesaler in the U.S., announced today its third California wholesaler acquisition of the year, with the planned purchase of W.A. Thompson. The acquisition of Bakersfield-based W.A. Thompson will add 7.1 million case equivalents and 2,500 accounts to Reyes subsidiary Harbor Distributing, according to a press release. The deal is expected to close in early December.
Although the pace of dealmaking among breweries has slowed in recent years, consolidation in the middle tier continues, as wholesalers in New York and Colorado recently struck deals. In New York, Buffalo-based Certo Brothers Distributing has sold to Wright Beverage, and in Colorado, RMC Distributing announced Friday that it had sold to KEG 1.
Three Colorado breweries — Renegade Brewing, Good River Beer and Rocky Mountain Sector — have merged to create the Brewer’s Co-Hop, a new business venture that will share a production facility and back-of-house resources in Denver.
In the latest edition of Press Clips: Boston Beer strikes Truly sponsorship deal with NHL; Great Divide sells land in Denver; March First Brewing acquires Figleaf Brewing Company; and Yuengling partners with Pink Boots Society for scholarship.
The private investment group announced as a majority investor in Weyerbacher Brewing Company this past April has backed out of the deal, the brewery’s chief operating officer, Josh Lampe, told Brewbound. Instead, the Easton, Pennsylvania-based craft brewery has turned to a group of seven individuals and two trusts to invest $50,000 in exchange for shares in the business, according to a reorganization plan filed in U.S. Bankruptcy Court in Pennsylvania’s Eastern District.
In the latest edition of Press Clips: Founders Brewing’s sale to Mahou San Miguel is valued at $198 Million; Colorado Brewers Guild names new executive director; Dark Horse Brewing behind on mortgage and property taxes; and Dogfish Head sends artifacts to the Smithsonian.
Lighthouse Strategies’ long-rumored Great Lakes craft brewery acquisition finally became reality today. The maker of the Cannabiniers and Two Roots lines of cannabis-infused, non-alcoholic and alcoholic craft beers, announced today that it has reached a deal for Auburn Hills, Michigan-based Rochester Mills Production Brewery.
