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.
Five months after placing a winning bid for Alamo Beer Company, Australia-based private equity firm SKJ Capital has finalized its acquisition of the San Antonio-based craft brewery, SKJ announced today.
Wilsbach Distributors (Harrisburg) has acquired Brewery Products Company (York), increasing Wilsbach’s volume 50% and “expanding and streamlining” the company’s distribution rights across its South Central Pennsylvania footprint, Wilsbach president Frank Sourbeer Jr. shared on LinkedIn over the weekend.
Beverage packaging manufacturer Ball Corporation will acquire an 80% stake in Benepack’s European can manufacturing businesses, including two production facilities in Belgium and Hungary, the company announced Wednesday.
Dedicated gluten-free beer maker Ghostfish Brewing has purchased the brewing assets of the former Pike Brewing production facility in Seattle, acquiring the lease for the 26,000 sq. ft. space from Fremont Brewing.
Anheuser-Busch InBev (A-B) will acquire a majority stake in party punch maker BeatBox for approximately $490 million, the company announced today.
A subsidiary of AriZona Beverages USA subsidiary has acquired Manna Beverages’ facility in Anaheim, California.
While bev-alc is in flux, zero-proof partying is still in full swing with the announcement of a new multi-year partnership that brings Hiyo Social Tonics into Live Nation venues across the country.
Check out news items initially reported in the Brewbound Insider Newsletter November 20-26, including headlines from Rogue, Tilray, Molson Coors, Firestone Walker and more.
Anheuser-Busch InBev’s will-they, won’t-they $700 million acquisition of party punch maker BeatBox is still awaiting an answer. However, Dan Wandel, Bump Williams Consulting chief strategy officer, indulged what a combination of the two companies would mean for high ABV (8% and up) and flavored beverage-alcohol.
Pike Brewing (Seattle, Washington) will close Pike Pub and Pike Fish Bar, both located at the city’s iconic Pike Place Market, it announced this week. Details of Molson Coors chief commercial officer Michelle St. Jacques’ separation from the company were laid out in a Form 8-K filing Thursday with the U.S. Securities and Exchange Commission.
Untappd, the Next Glass-owned craft beer rating social platform whose users have anointed some craft brewers and crushed the souls of others, has expanded ratable products to include spirits, wine, adult non-alcoholic (ANA) beverages, ready-to-drink cocktails (RTD), THC-infused seltzers, coffee, soda and “more,” according to a press release.
BeatBox, the cross-category party punch producer, is reportedly discussing a potential acquisition with Anheuser-Busch InBev (A-B), according to a story by the Wall Street Journal. Citing unnamed “people familiar with the matter,” the WSJ estimated the deal at $700 million, but couched that negotiations could “fall apart.”
Iron Hill Brewery may have another act coming. The mid-Atlantic brewpub chain, which abruptly shuttered earlier this fall, is set to be acquired by restaurateur Jeff Crivello, according to filings in U.S. Bankruptcy for the District of New Jersey, where the chain filed for Chapter 7 bankruptcy in October.
Boulder, Colorado-based Upslope Brewing is the latest brand to join fast-growing brewery platform Wilding Brands, the companies announced today.
