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

Republic National Distributing Co. (RNDC), one of the nation’s leading wholesale beverage alcohol distributors, acquired Natural State Distributing, an independently-owned wine and spirits distribution and import company in Fayetteville, Ark.  Terms weren't disclosed. “We are thrilled about the opportunities in Arkansas,” said Nick Mehall, RNDC President and

Dennis Murphy, Owner/Winemaker at Caprio Cellars, acquired the ownership interest of TIAA/Nuveen/PCP Partners and the Leonetti/Figgins Family in the Seven Hills Vineyard, one of Walla Walla's most historic vineyards. The transaction includes the SeVein Vineyards. Murphy is also CEO of Murphy Homes, a Pacific

Opici Wines & Spirits completed the acquisition of Pacific Highway Wines and introduced an expanded leadership team composed of executives from both Opici and Pacific Highway. Don Opici will be CEO. He joined the family business in 2005 after graduating from Columbia Business School. Mark Giordano moves to the role

Anheuser-Busch InBev plans to sell Virtue Cider, Fennville, Mich., to Greg Hall. Hall, the former brewmaster for Goose Island Beer Co., and 30 other investors founder Virtue Cider in 2011. After the ABI transaction is completed, Hall will be to sole owner of the cidery, according to filings with Michigan