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.
Brooklyn Brewery, along with California’s 21st Amendment (21A) and Colorado’s Funkwerks today announced the establishment of a combined sales team, which will be led by Brooklyn vice president of business development Dave Duffy.
DuClaw Brewing Co. is officially on the market. The Baltimore, Maryland-based craft brewery today announced that it had retained investment banking firm Equity Partners HG to help identify an investor or buyer for the company.
Brooklyn Brewery and Danish brewer Carlsberg have announced yet another international craft brewing partnership — this time in Eastern Europe. The two companies have formed a joint venture with Švyturys Brewery, based in the port city of Klaipėda, Lithuania.
Farlie Turner & Co. (“Farlie Turner”), a leading investment bank serving middle market companies, is pleased to announce the recapitalization of The Bruery LLC (“The Bruery”) by Castanea Partners, a private equity firm based in Newton, Massachusetts
Canadian-headquartered Red Truck Beer Company has reached an agreement to acquire Fort Collins Brewery’s (FCB) building and assets from owners Tom, Jan and Tina Peters. Terms of the deal were not disclosed.
The fallout from Wicked Weed’s sale to Anheuser-Busch InBev is still being felt days after the transaction was announced. In the wake of the deal — which will require approval from the U.S. Department of Justice — at least 44 breweries announced they would no longer participate in Wicked Weed’s annual Funkatorium Invitational in Asheville on July 8.