Acquisitions

Brooklyn-based craft brewery Five Boroughs Brewing Co. has been acquired by Smuttynose Brewing Co., New Hampshire's original craft brewery. Terms weren 't disclosed. The acquisition, announced on November 7, 2023, provides Finestkind Brewing LLC, the owner of Smuttynose, with access to resources in the New York market

Blake's Hard Cider, Armada, Mich., said it acquired Texas-based Austin Eastciders. Terms weren't disclosed. Avid Cider Co., which Blake's acquired last year, will also be incorporated in Blake's. The resulting company will be called Blake's Beverage Co. "We don&

Economic activity in the manufacturing sector contracted in October for the 12th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM Report On Business®. The Manufacturing PMI fell 2.3 peercentage points; in September. That's lower tha

Brown-Forman Corp. said it completed the sale of the Finlandia brand to Coca-Cola HBC AG Nov. 1. In June 2023, Brown-Forman disclosed it had reached an agreement to sell the brand for $220 million subject to adjustments related to inventory and other working capital items. The sale of Finlandia vodka

Oak Solutions Group, Napa, Calif., said it acquired Innerstave, which pioneered the oak alternative industry. Terms weren't disclosed. “The Innerstave acquisition will give us the opportunity to sell additional stave formats and expand our market share in North America, South America, and globally,” said Oak Solutions Group Global

Treasury Wine Estates Ltd said it agreed to acquire DAOU Vineyards, the acclaimed luxury wine business founded by brothers and co-proprietors Georges and Daniel Daou for an upfront consideration of $900 million, plus an additional earn-out of up to $100 million. This transformative deal will accelerate TWE's focus