Articles Tagged with ''mergers and acquisitions''

Beverage Industry’s Top 100 Beverage Companies report, based on 2021 fiscal year sales, reflects the ebbs and flows that different factions of alcohol and non-alcohol beverage market experienced this past year.

Diageo plc, London, announced it has acquired 21Seeds, a rapidly growing flavored tequila infused with the juice of real fruits. The brand is available in three varieties: Valencia Orange, Grapefruit Hibiscus and Cucumber Jalapeño.

Ingredients companies are bringing their natural, sustainably sourced tea and coffee solutions to Europe, and with sustainability top of mind, Chr. Hansen ranked No. 2 on a Global 100 sustainability list. 

Ingredient companies are broadening their operations by hiring new leaders and expanding their value-added services. 

Monster Beverage Corp., Corona, Calif., has entered into a definitive agreement to acquire CANarchy Craft Brewery Collective LLC, a craft beer and hard seltzer company for $330 million in cash. The transaction will bring the Cigar City, Oskar Blues, Deep Ellum, Perrin Brewing, Squatters and Wasatch brands to the Monster beverage portfolio. 

Breakthru Beverage Group, New York, announced they have a signed agreement to purchase Missouri-based Major Brands, further expanding the company’s North American footprint. Once the deal is completed, which is expected this spring, Major Brands will join the Breakthru Beverage family and begin to deploy the company’s extensive suite of capabilities to help suppliers and customers better reach their target consumers and drive results. 

Fine wine marketer Wilson Daniels, New York, announced the addition of Bergström Wines to its national portfolio, adding Oregon’s Willamette Valley to the range of revered winegrowing appellations it represents. A family legacy rooted in small-scale, biodynamic farming and winemaking for 24 years, Bergström Wines is in perfect alignment with Wilson Daniels’ commitment to represent families who produce terroir-expressive wines through environmentally responsible practices, the company says.

Golden Grail Technology, Weston, Fla., announces its acquisition of Trevi Essence Water. Trevi Essence Water was sold in high-end supermarkets and grocery chains such as Food City, Publix and Wayfield. Golden Grail entered into an agreement with Barebrick Beverage Co., Inc. to acquire Trevi Water Brand Assets and Intellectual Property, i.e., formulas, distributor lists, trademarks, etc.

Bell’s Brewery founder, Larry Bell announced that he has reached an agreement with Lion, an Australian-based brewer, for the sale of Bell’s. Lion acquired Colorado’s New Belgium Brewing in 2019. The move will see the Michigan-based craft brewer come together with New Belgium ― aligning the two American craft brewers.  

ReserveBar, Ridgefield, Conn., has agreed to acquire New York-based Minibar Delivery, a leading marketplace featuring on-demand delivery of wine, spirits, beer, ready-to-drink cocktails, mixers and more. Minibar Delivery facilitates these deliveries by partnering with more than 2,800 retail partner locations nationwide, including independent liquor stores and iconic national brands such as 7-Eleven. The acquisition accelerates ReserveBar's expansion of its retailer fulfillment network and planned introduction of on-demand delivery capabilities.