The 86 Company team to remain part of brand going forward
June 10, 2019
Brown-Forman Corp., Louisville, Ky., has reached a definitive agreement to purchase The 86 Company. Upon completion, Brown-Forman will add Fords Gin, a premium gin to its growing portfolio.
Combined company will maintain independent craft brewery status
May 10, 2019
Boston-based The Boston Beer Co. Inc. and Dogfish Head Brewery announced that the companies have signed a definitive merger agreement, bringing together two pioneering independent craft breweries.
Acquisition marks private equity firms 8th food and beverage investment
April 29, 2019
An affiliate of Austin, Texas-based Peak Rock Capital, a middle-market private equity firm, announced that it has completed the previously announced acquisition of the Turkey Hill Dairy business from The Kroger Co.
As craft beer has shown itself to be measurable force in the beer market, more craft brewers are exploring varying beer styles to appeal to broader consumer base. Now, sour beer and more sessionable offerings like lagers are populating craft brewers portfolios.
Full-year financial results first released since merger
February 28, 2019
Keurig Dr Pepper Inc., Burlington, Mass., and Plano, Texas, reported financial results for the fourth quarter and full year ending Dec. 31, 2018, and provided guidance for adjusted diluted EPS growth for 2019 in line with the company's merger targets.
Given the volume growth of packaged water, beverage manufacturers have taken notice of how consumers are reaching for hydration beverages over sweeter options, prompting them to rethink their own portfolios. This shifting sentiment caught the attention of Cott Corporation, thereby paving the way for the beverage manufacturer to create a new identity for itself.
Employees, brands and warehouses of Eastern Oregon’s largest beverage distribution company will continue normal operations under the new ownership when the transaction closes on or around Feb. 28, it said.
Sufferfest Beer Co., San Francisco, will join Sierra Nevada Brewing Co., Chico, Calif., and Mills River, N.C., the breweries announced. Sierra Nevada will acquire 100 percent of Sufferfest, which is the company’s first-ever acquisition. The breweries stated shared values, commitment to innovation, and common goals as the root of the partnership, they add.
The transaction is another step in PepsiCo’s Performance with Purpose journey, supporting health and wellness through environmentally friendly, cost-effective and fun-to-use beverage solutions, and the company’s Beyond the Bottle strategy to form a more sustainable beverage ecosystem, it says.