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.
Multi-state distribution platform/consolidator KEG 1 has inked a deal to acquire a “controlling equity” stake in Pine State Trading Co., the fourth-generation, family-owned New England distributor with operations in Maine and New Hampshire.
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.
Another low ABV beer with an explicit target audience made an appearance on ABC’s Shark Tank and came out with an investment. Potentially. Beer Girl founder Caroline Renezeder Foulk pitched the three-year-old lager brand to a panel of investment “sharks,” and caught the attention of Uncle Nearest founder Fawn Weaver.
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.
Tilray Brands will acquire several assets from BrewDog’s U.S. business, including its Ohio production facility and remaining pubs, the company announced this morning.
Club West, the Charlotte, North Carolina-based craft brewery formerly known as Sycamore Brewing, is in the process of being sold and will reopen this weekend, according to multiple reports published Thursday.
Hurray’s Girl Beer will soon have many more Connors to reject. Fans of the tongue-in-cheek, flavored-beer brand know that Connors are inexplicably persona non grata, and – thanks to a $5 million fundraise – Girl Beer is set to expand that messaging and its beer into the Midwest and Southeast, according to a press release.
Chicago’s Half Acre Beer Company and Maplewood Brewery & Distillery have merged into what the brands’ leaders are calling “a long-term commitment to Chicago as a great beverage city.”
Tilray Brands continues to acquire pieces of Scottish craft beer maker BrewDog’s global business. The Canadian cannabis, beverage and wellness firm today announced it has closed a deal to purchase BrewDog’s brewery and taprooms in Australia.
Reyes Beverage Group is expanding the number of territories that it will acquire from Republic National Distributing Company (RNDC), while dropping a previously announced state from the transaction.
Phusion Projects is exploring a potential sale of its infamous Four Loko brand, which could carry a $400 million value, Reuters reported.
New York’s 42 North Brewing has entered its second decade with a new mindset about what it means to be a craft brewer, founder John Cimperman said on the latest episode of the Brewbound Podcast.
Nearly 500 workers will lose their jobs with the closure of 38 BrewDog-owned pubs across the U.K. following Tilray’s acquisition of parts of the Scottish craft brewery, consultant firm AlixPartners shared in a press release.
