Archive for the 'Breweries' Category

Constellation buys Ballast Point for $1 billion

Monday, November 16th, 2015

Constellation Brands has reached an agreement to acquire San Diego-based Ballast Point Brewing & Spirits for approzimately $1 billion, according to a company press release. Ballast Point is one of the fastest growing craft beer companies in the U.S., its best sellers being Sculpin IPA and Grapefruit Sculpin IPA. The press release states, “The partnership […]

AB InBev ‘first truly global brewer’

Wednesday, November 11th, 2015

As expected, AB InBev announced that as part of the final agreement to buy SABMiller for $107 billion that SABMiller will sell its 58% share of its venture with Molson Coors to that company for $12 billion. That deal includes rights to the Miller brand name and gives Molson Coors full control of operations. The […]

The giant gets bigger – AB InBev buys SABMiller

Tuesday, October 13th, 2015

Anheuser-Busch InBev announced it has struck a deal with SABMiller to take over the brewer at £44 ($67.63) a share, about 14% higher than its initial offer last month. Reuters puts the value of the takeover proposal at $104.48 billion. The combined company would have 31% of the global beer market. Heineken, the next biggest […]

Dogfish Head sells stake to private equity firm

Tuesday, September 29th, 2015

Dogfish Head Craft Brewery announced today it has sold a 15 percent stake in the company to a New York-based private equity firm, LNK Partners. In announcing the deal, Dogfish Head co-founder Sam Calagione said his company plans to eventually repurchase LNK’s share. The cash infusion now will allow Dogfish Head to continue growing. The […]

Green Flash brewmaster leaves to start on brewery

Monday, September 28th, 2015

Chuck Silva his resigned his post as brewmaster and vice president of brewing operations at Green Flash Brewing Co. Here are the details from a press release: Effective immediately, (Silva) will be funneling his energies into the establishment of his very own craft brewing operation at a yet-to-be-determined location in California’s San Luis Obispo County. […]

A-B buys Golden Road Brewing

Wednesday, September 23rd, 2015

Anheuser-Busch announced today it is acquiring Golden Road Brewing, the largest craft brewery in Los Angeles County. It is the fourth smaller brewery A-B has purchased since it first bought Goose Island Beer Co. In 2014 it acquired Blue Point Brewing, 10 Barrel Brewing and Elysian Brewing. In addition,s last month Goose Island subsidiary bought […]

A-B InBev makes offer to buy SABMiller

Wednesday, September 16th, 2015

Anheuser-Busch InBev revealed today it has made an offer to SABMiller to unite the world’s largest beer makers. The combined company would have a market capitalization of some $275 billion and be by far the largest brewer in the world, controlling about one third of the world market. Any such deal would be carefully scrutinized […]