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.
Five months after placing a winning bid for Alamo Beer Company, Australia-based private equity firm SKJ Capital has finalized its acquisition of the San Antonio-based craft brewery, SKJ announced today.
Wilsbach Distributors (Harrisburg) has acquired Brewery Products Company (York), increasing Wilsbach’s volume 50% and “expanding and streamlining” the company’s distribution rights across its South Central Pennsylvania footprint, Wilsbach president Frank Sourbeer Jr. shared on LinkedIn over the weekend.
Beverage packaging manufacturer Ball Corporation will acquire an 80% stake in Benepack’s European can manufacturing businesses, including two production facilities in Belgium and Hungary, the company announced Wednesday.
Dedicated gluten-free beer maker Ghostfish Brewing has purchased the brewing assets of the former Pike Brewing production facility in Seattle, acquiring the lease for the 26,000 sq. ft. space from Fremont Brewing.
While bev-alc is in flux, zero-proof partying is still in full swing with the announcement of a new multi-year partnership that brings Hiyo Social Tonics into Live Nation venues across the country.
Check out news items initially reported in the Brewbound Insider Newsletter November 20-26, including headlines from Rogue, Tilray, Molson Coors, Firestone Walker and more.
Anheuser-Busch InBev’s will-they, won’t-they $700 million acquisition of party punch maker BeatBox is still awaiting an answer. However, Dan Wandel, Bump Williams Consulting chief strategy officer, indulged what a combination of the two companies would mean for high ABV (8% and up) and flavored beverage-alcohol.
Pike Brewing (Seattle, Washington) will close Pike Pub and Pike Fish Bar, both located at the city’s iconic Pike Place Market, it announced this week. Details of Molson Coors chief commercial officer Michelle St. Jacques’ separation from the company were laid out in a Form 8-K filing Thursday with the U.S. Securities and Exchange Commission.
BeatBox, the cross-category party punch producer, is reportedly discussing a potential acquisition with Anheuser-Busch InBev (A-B), according to a story by the Wall Street Journal. Citing unnamed “people familiar with the matter,” the WSJ estimated the deal at $700 million, but couched that negotiations could “fall apart.”
Iron Hill Brewery may have another act coming. The mid-Atlantic brewpub chain, which abruptly shuttered earlier this fall, is set to be acquired by restaurateur Jeff Crivello, according to filings in U.S. Bankruptcy for the District of New Jersey, where the chain filed for Chapter 7 bankruptcy in October.
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.