Articles Tagged with ''mergers and acquisitions''

Portland, Ore.-based Craft Brew Alliance Inc. (CBA) and Pabst Brewing Co. (PBC), Los Angeles, announced that the two companies have entered into a brewing agreement that supports strategic growth objectives for both companies. PBC’s subsidiary Rainier Brewing Co. will begin brewing Rainier Pale Mountain Ale among other Rainier brands at CBA’s brewery in Woodinville, Wash. this spring, the companies say. As part of the agreement, PBC has been granted an option to purchase the Woodinville facility at any time during the next three years, they add.

New York-based Breakthru Beverage Group, the beverage wholesaler formed by Charmer Sunbelt and Wirtz Beverage on Jan. 1,  launched Jan. 4 in markets across the country.  

Keurig Green Mountain Inc., Waterbury, Vt., and Luxembourg-based JAB Holding Co. announced that the companies have entered into a definitive merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for $92 per share in cash, or a total equity value of approximately $13.9 billion. 

Constellation Brands Inc., Victor, N.Y., announced an agreement to acquire San Diego-based Ballast Point Brewing & Spirits. One of the fastest growing craft beer companies in the United States, Ballast Point beer portfolio contains more than 40 different varieties, including its Sculpin IPA and Grapefruit Sculpin IPA, the company says. The partnership with Ballast Point will enable Constellation Brands to compete in the craft beer segment, further strengthening its position in the highest end of the U.S. beer market, it adds.

New York-based Charmer Sunbelt Group and Wirtz Beverage Group, Chicago, two family-run distributors of wine, spirits and beer, announced on Oct. 20 that the companies signed an agreement to substantially combine all of their beverage alcohol operations.

The Boards of Anheuser Busch InBev (AB InBev), Leuven, Belgium, and SABMiller plc, London, announced that they have reached agreement in principle on the key terms of a possible recommended offer to be made by AB InBev for the entire issued and to be issued share capital of SABMiller.

Following recent press speculation, Leuven, Belgium-based Anheuser-Busch InBev (AB InBev) has submitted a new proposal to the Board of SABMiller plc, London, to combine the two beer companies.

Bill Leigon, president of Jamieson Ranch Vineyards, announced his purchase of the Napa, Calif., winery. The purchase was finalized Sept. 18. Purchase price was not disclosed. Bill Spear will continue to manage all sales and marketing and is taking the title of the winery's general manager and co-partner.