Energy

CANarchy's Winding Road of Control Prior to Monster Sale

12 days ago   |   By Brewbound

Whispers of the CANarchy Craft Brewery Collective's potential sale have circulated through the industry's rumor mill for the last few years before finally becoming a reality with today's announced agreement to sell to energy drink maker Monster for $330 million in cash. Those whispers were the smoke to the fire of the craft brewery rollup being shopped to potential buyers. The seller's identity though was not be the one everyone associates with CANarchy's ownership.
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Wall Street Analysts React to Monster's Deal for CANarchy

Wall Street Analysts React to Monster's Deal for CANarchy

12 days ago   |   By Brewbound

Financial services firms have responded positively to the news of energy drink maker Monster Beverage Corporation striking a deal to acquire the CANarchy Craft Brewery Collective. “Overall we view this transaction as a strategic positive as it is 100% incremental to Monster's existing business and should function as a springboard for Monster to enter the alcoholic beverage sector as CANarchy is the sixth largest craft brewer in the U.S. with seven distinct brands,” Goldman Sachs equity research analyst Bonnie Herzog wrote.
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Monster Energy Acquires CANarchy for $330M, Entering the Alcohol Industry

Monster Energy Acquires CANarchy for $330M, Entering the Alcohol Industry

12 days ago   |   By Vine Pair

Energy drinks giant Monster Beverage Corp. announced Jan. 13 that they have reached a $330 million deal to purchase craft beer and hard seltzer producer CANarchy Brewery Collective, LLC, officially entering the alcoholic beverage industry.
This purchase may not come as a surprise - recent months have seen numerous announcements of soft beverage mammoths foraying into alcohol. Immediate examples are Coca-Cola's Fresca collaboration with Constellation, and PepsiCo partnering with Boston Beer Company to create alcoholic Mountain Dew .
CANarchy, established in 2015, describes itself as a...
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