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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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.
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.
Several brewery owners have publicly courted buyers by announcing their intentions to sell their businesses. Others have found buyers and have announced sales. Read updates from three breweries – all of which opened during the last decade’s craft beer boom – in transition.
Another piece of Scout Distribution has been sold off. Hensley Beverage Company has agreed to acquire the remaining 75% stake in Scout’s Arizona business that it did not already own, after purchasing a minority stake earlier this year.
After years working at various breweries and hosting their own craft beer podcast, Chelsea Rhoads and Liz Hess finally decided to take the plunge and buy a brewery. The pair, who co-host the Body By Beer podcast, acquired Denver’s Berkeley Alley Beer Company earlier this summer and have put their own spin on the beloved local spot.
After years of rapid growth, warnings that the U.S. craft beer industry was approaching oversaturation have become a reality for brewers. Combined with a new generation of young adults less thirsty for alcohol than their forebears and the impacts of new and increased tariffs, craft brewers are seeing a growing wave of mergers, acquisitions and divestments shake out and transform the industry landscape.
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.
