As we head into 2022 it’s clear that brewery acquisition fever is heating up. Brands are being abandoned and breweries being acquired by bigger entities.
Here’s the deal…
On January 10 Salt Lake City’s heritage craft brewer, Uinta Brewing announced that it was being acquired by US Beverage, an independent sales and marketing company that distributes other beer brands like Scotland’s Innis & Gunn in the US.
Uinta Brewing began its journey in 1993 based out of a renovated mechanics garage in Salt Lake City, Utah. It was once widely distributed in 32 states, but the brewery’s beer sales have declined considerably over the last decade.
That same day, Molson Coors announced that it was putting an end to its production of Saint Archer Beer effective immediately and will be selling its San Diego-based brewery and taproom to Kings & Convicts Brewing Co., which owns the Ballast Point brand.
As part of the deal, Kings & Convicts will reportedly “take over Saint Archer’s 100,000-barrel capacity Miramar brewery and adjoining taproom, as well as its 1,200-square-foot taproom in Leucadia, Calif. Kings & Convicts, headquartered in San Diego and Highwood, Ill., plans to retain operations and retail team members at both locations.”
And on January 13 The Monster Beverage Company, whose subsidiaries produce a wide variety of energy drinks announced that it had entered into a definitive agreement to acquire CANarchy Craft Brewery Collective, a family of breweries that includes Oskar Blues Brewery, Cigar City Brewing, Squatters Craft Beers, Wasatch Brewery, Deep Ellum Brewing and Perrin Brewing Company.
Founded in 2015, the CANarchy Craft Brewery Collective was of the first companies to consolidate several regional craft breweries incorporating many of their business operations and furthering their distribution reach.
The deal, which is subject to customary closing conditions, including regulatory approvals and is expected to close in the first calendar quarter of 2022, will afford Monster “a springboard from which to enter the alcoholic beverage sector,” according to Monster’s Vice Chairman and Co-Chief Executive Officer Hilton Schlosberg.
The $330 million all cash deal does not include CANarchy’s stand-alone restaurants. CANarchy will continue to function independently, retaining its own organizational structure and team, led by CEO Tony Short.