Energy drink maker Monster Beverage has reached “a definitive agreement” to acquire the CANarchy Craft Brewery Collective for $330 million in cash, the company announced today. The all cash deal is expected to close in the first quarter of 2022, pending “customary closing conditions, including regulatory approvals.”
Financial services firm Jefferies web sleuthed several job posts over the last year that point to Monster “prudently building expertise in the alc space, incl. alc strategy (innovation) and regulatory affairs *bev alc. experience ‘a must.’).”
One of the nation’s largest craft breweries is dipping its toe into the non-alcoholic beverage space. Sierra Nevada Brewing Company has launched its first non-alcoholic product, Hop Splash, a sparkling water infused with Citra and Amarillo hops.
The rumored interest in a deal between Constellation Brands and energy drinks maker Monster has led to Wall Street analysts hypothesizing scenarios in which the two companies could potentially come together.
The lines between alcoholic and non-alcoholic beverages continue to blur. Bloomberg broke the news Sunday evening that Constellation Brands and energy drink maker Monster Beverage Corp. are considering a deal.
Molson Coors has begun selling Topo Chico Hard Seltzer in the brand’s iconic 12 oz. glass bottle in seven markets, the company announced.
A pair of beverage alcohol e-commerce platforms are merging. E-commerce luxury spirits platform ReserveBar announced today that it will acquire Minibar Delivery, a marketplace that offers on-demand delivery of beer, wine and spirits. The transaction is expected to close this week. The companies declined to disclose a sale price.
Following Hattersley’s narrative for the company’s Q3, an analyst asked him to define what success now means for the company in the U.S. Hattersley replied that “the quality of our revenue and changing the shape of our portfolio is what is important to us now.”
A new aluminum can making and filling production facility is slated to begin operations in Salt Lake City during the fourth quarter of 2021.
Molson Coors Beverage Company CEO Gavin Hattersley stressed that the “outcomes” of the company’s 2-year-old revitalization plan are beginning to materialize. Those outcomes became frequent talking points during the company’s second quarter 2021 earnings report.
With a trippy Southern California vibe and inspiration from mimosas, the SunDaze line of citrus ready-to-drink canned cocktails is aiming to unchain the juice occasion from brunch. SunDaze — which checks in at 6% ABV and comes in three flavors: Original Citrus, Botanical Citrus and Spicy Citrus — was founded by long-time CPG marketing consultant Arthur Gallego.
Boston Beer Company officially announced its foray into a new frontier today: non-alcoholic cannabis-infused beverages.
Southern Glazer’s, which operates in 44 states, plus Washington, D.C., and Canada, will initially distribute Canopy’s CBD-infused Quatreau sparkling water brand to seven states, with more to follow in the coming months.
Just two weeks after closing on the acquisition of Atlanta’s Sweetwater Brewing Company, Canadian cannabis company Aphria has reached an agreement to merge with Tilray, forming the world’s largest cannabis company valued at $3.8 billion.