Monster Beverage Corporation Acquires CANarchy Craft Brewery Collective
January 13, 2022
Monster Beverage Corporation agreed to acquire CANarchy Craft Brewery Collective LLC for $330 million in cash. CANarchy — a collective of craft beer and hard seltzer brands including Cigar City, Oskar Blues, Deep Ellum and others — will operate independently under its existing management and the deal excludes CANarchy's stand-alone restaurants; the transaction was expected to close in Q1 2022 subject to customary approvals.
- Buyers
- Monster Beverage Corporation
- Targets
- CANarchy Craft Brewery Collective LLC
- Industry
- Food & Beverage
- Location
- Colorado, United States
- Transaction Type
- Buyout
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