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.
Lakeland, Florida-based Brew Hub’s next era has been solidified, several months after news broke that contract brewing company’s facility had been foreclosed by its bank. Great Southern Copackers has acquired the company and building, and will rebrand it as Great Southern Beverages.
Rémy Cointreau has acquired a minority stake in French non-alc spirits company JNPR, joining other major spirit groups with bids on the growing category.
Fans of New England Brewing Co. (NEBCO) will soon be able to enjoy the brewery’s offerings in its new waterfront taproom, it announced last week. The Woodbridge, Connecticut-based brewery has acquired Stony Creek Brewing’s facility, which sits 13 miles away on the banks of the Branford River in the Connecticut town of the same name.
Here’s a collection of news items initially reported in the Insider version of the Brewbound Newsletter between July 9-July 11. Become an Insider today to get earlier access to what’s going on in the industry.
All 178 Ohio Eagle Distributing employees are expected to be laid off once the company’s sale to Redwood Holdings closes on September 8, Ohio Eagle president Devyn Dugger wrote in a July 7 Worker Adjustment and Retraining Notification (WARN) Act notice to the state.
TRVE Brewing to close; Australian PE firm bids $3.75M for Alamo Beer; Trump delays tariff implementation until August; Patagonia and Deschutes update packaging, plan to launch co-branded IPA; Beer Institute/Morning Consult survey results.
St. Louis-based Urban Chestnut Brewing Company has acquired the beer brands of O’Fallon Brewery, which ceased operations after 24 years at the end of last year.
Barrel One Collective is in the process of adding another New England craft brewery to its growing roster. The Boston-headquartered platform has struck a deal to acquire Worcester, Massachusetts-based Greater Good Imperial Brewing, the only dedicated high-ABV craft producer in the country.
C&S Wholesale Grocers announced today it has agreed to purchase food solutions company SpartanNash for a total consideration of $1.77 billion, including debt.
Hand Family Companies’ (HFC) Sunset Distribution subsidiary is adding another piece to its growing craft footprint in California with the acquisition of Scout Distribution in Los Angeles.
Michigan-based beverage-alcohol platform Benchmark Beverages has taken a minority investment in Blake’s Beverage Co. and the two companies have launched a commercial partnership. Benchmark (Dark Horse, Roak, Brew Detroit, Great America) and Blake’s Beverage Co. (Blake’s Hard Cider, Austin Eastciders, Avid Cider) aim to “accelerate growth and shake up the beyond-beer category with fresh innovation and national scale,” according to a press release.
Yet another legacy Colorado craft brewery is changing hands. Durango-headquartered Ska Brewing was acquired in May by two families with ties to beer distribution, including Bob Ariano, who owns A&L Coors Distribution, the Durango Herald reported.
Wilding Brands, the Colorado-based craft beverage and hospitality platform, has expanded again with the acquisition of Denver’s Station 26 Brewery, the companies announced last week. Station 26 founder Justin Baccary will remain in his role leading the brewery as it joins the collective.
Triton Beverage Group is building a craft platform in southeastern Massachusetts. Less than two months after acquiring Plymouth-based Mayflower Brewing, the parent company of Hog Island Brewing has acquired Hyannis-based Cape Cod Beer, the oldest craft brewery on the Massachusetts peninsula. “This marks a major milestone for our team as we bring together three of… Read more »
