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#acquisitions
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Firestone Walker and Duvel USA to Acquire Stone Brewing From Sapporo
Firestone Walker and Duvel Moortgat USA have agreed to acquire the Stone Brewing brand from Sapporo USA for an undisclosed amount, Brewbound reports. The transaction is slated to finalize within the second quarter of the fiscal year. California-based craft brewery Firestone Walker — in which Duvel USA acquired a majority stake in 2015 and continues to operate independently — will assume ownership of the Stone Brewing brand in California, Texas, and other western U.S. markets, along with overseeing national accounts. Duvel USA will handle Stone’s distribution east of the Rocky Mountains, according to Brewbound. The article Firestone Walker and Duvel USA to Acquire Stone Brewing From Sapporo appeared first on VinePair .
by Stephen Bradley2 viewsacquisitionsbeer-industrybrewers-associationcraft-beercraft-breweriescraft-brewers - news
White Claw Maker Mark Anthony Group to Acquire The Finnish Long Drink
The Mark Anthony Group of Companies has agreed to acquire The Finnish Long Drink, a canned, gin-based sparkling cocktail. Terms of the transaction, which was announced today and is set to finalize in coming weeks, are undisclosed. Mark Anthony, which owns popular ready-to-drink brands like White Claw Hard Seltzer and Mike’s Hard Lemonade, will acquire The Finnish Long Drink as the brand comes off a year with near-20 percent growth in volume and sales of 3.3 million 9-liter case equivalents, according to Shanken News Daily’s Impact Databank. The article White Claw Maker Mark Anthony Group to Acquire The Finnish Long Drink appeared first on VinePair .
by Stephen Bradley1 viewacquisitionsmergers-and-acquisitionsnewsrtdrtds - news
Four Loko Owner Considering Sale of Infamous Party Beverage
Packaged in massive 24-ounce tallboys decorated with vibrant camouflage packaging, Four Loko is one of the most notorious party beverages of all time. And it could soon be up for grabs. According to Reuters, Four Loko’s parent company, Chicago-based Phusion Projects — which also owns Mamitas, Basico Tequila, Pirate Water, and Earthquake — is currently exploring a sale of the brand that could see it valued at approximately $400 million. Three sources close to the matter reported that the company is working with JPMorgan on the deal, though the investment bank declined Reuters’ request for comment. The article Four Loko Owner Considering Sale of Infamous Party Beverage appeared first on VinePair .
by Olivia White1 viewacquisitionsflavored-malt-beveragertd - news
Campari Group to Acquire Courvoisier Cognac from Beam Suntory for $1.32 Billion
Italy’s Campari Group has committed to buy premium Cognac house Courvoisier from Beam Suntory in a landmark deal, according to a Thursday press release from the brand. The purchase price for the acquisition is set at $1.2 billion. An additional payment of $120 million is expected to be payable in 2029 if the net sales target is reached in 2028, potentially giving the acquisition a value of $1.32 billion — the largest deal in Campari Group’s history. The article Campari Group to Acquire Courvoisier Cognac from Beam Suntory for $1.32 Billion appeared first on VinePair .
by Hannah Staab4 viewsacquisitionscamparicognacpurchase