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.
Craft brewery owners dreaming of selling their businesses in multi-million dollar deals are doing just that – dreaming, industry leaders said last week during a panel discussion about exiting the business at the Mass Brewers Guild annual conference.
Longtime brewers Spencer Guy and Max Myers have acquired Atrium Brewing (Louisville, Kentucky) from founders Princeton Hurst and Mark Rubenstein, the brewery announced this week. Casamigos co-founders George Clooney, Rande Gerber and Mike Meldman are launching a non-alcoholic (NA) beer in March, according to Page Six.
New Jersey wine and spirits distributor Fedway Associates has struck a deal to acquire independent Anheuser-Busch distributor Ritchie & Page, which will mark the company’s entry into the beer distribution business.
Recess Drinks has closed a $30 million series B round led by CAVU and other repeat investors, according to CEO and founder Ben Witte.
Low-ABV IPA maker Dad Strength is poised to disrupt the beer category, according to recent investor and Shark Tank star Robert Herjavec.
Vodka soda RTD Sprinter Spirits reported it had secured over $4 million in new investment as part of a $12 million round it is currently raising, per a Securities and Exchange (SEC) Form D filed on Friday.
B3 Beverage Company is adding Heavy Seas Beer, Maryland’s biggest craft brewery, to its growing platform, the companies announced Thursday.
A pair of Iowa craft breweries are formalizing their existing partnership. Waterloo-based SingleSpeed Brewing is acquiring the intellectual property of Coralville-based Backpocket Brewing and its sibling brand Peace Tree Brewing.
Summit Beverage has struck a deal to acquire George’s Distributing, giving Summit statewide presence in Montana, the companies announced today.
Spirits-based ready-to-drink (RTD) is one of the more fragmented segments in bev-alc, but independent brands with discipline and an eye for the right occasion can still break through, according to Gustavo Aguirre, vice president of brand innovation at private equity firm InvestBev.
Check out these news items initially reported in the Brewbound Insider Newsletter, including updates from Providence Brewing, Rupee Beer, Pabst Blue Ribbon and more.
The sharks were biting on low-ABV on the season premiere of ABC’s Shark Tank. Dad Strength, the maker of 2.9% ABV IPAs, generated interest from four of the show’s investors.
Aslin Beer Co., the country’s third-largest taproom brewer by volume, and Torch & Crown Brewing have merged to form the Driven Collective. The platform will combine Alexandria, Virginia-headquartered Aslin’s production capacity and Torch & Crown’s distribution arm in New York City to “unlock smarter growth, fuel creativity and prove that craft still has room to run,” according to a press release.
Heineken N.V. has struck a deal to acquire Florida Ice and Farm Company S.A. (FIFCO) in Central America and Mexico, the companies announced Monday.
