Aphria Acquires SweetWater Brewing Company

Tilray Acquires Aphria to Create New Tilray (Business Combination)

May 3, 2021

Consumer Products

Tilray and Aphria completed their previously announced business combination, with Aphria shareholders receiving 0.8381 Tilray shares for each Aphria common share. The combined company will operate as Tilray, creating a global cannabis consumer packaged goods leader with expanded geographic footprint, product portfolio and targeted annual pre-tax cost synergies of approximately US$81 million.

Sapporo Holdings Acquires Anchor Brewing Company

August 3, 2017

Food & Beverage

Sapporo Holdings Limited will acquire all equity interest in Anchor Brewing Company from parent Anchor Brewers & Distillers, LLC for $85 million, in a deal expected to close on August 31, 2017. Sapporo said the acquisition supports its "SPEED 150" plan to expand its North American beer business and will keep brewing operations in San Francisco while leveraging Sapporo's global distribution to grow Anchor internationally.

Carlsberg Group Acquires Waterloo Brewing

March 7, 2023

Food & Beverage

The Carlsberg Group completed its acquisition of Waterloo Brewing Ltd., finalised on March 7, 2023, following shareholder approval. The all-cash transaction (C$144 million) brings Waterloo's Kitchener brewing and RTD production capabilities into Carlsberg's portfolio to accelerate growth in the Canadian market and produce some Carlsberg brands locally.

Providence Equity Partners Invests in Sweetwater

June 29, 2021

E-Commerce

Funds advised by Providence Equity Partners made a growth equity investment in Sweetwater, the Fort Wayne-based e-commerce retailer of musical instruments and audio equipment; financial terms were not disclosed. The investment is intended to accelerate Sweetwater's next phase of growth as the company — which reported roughly $1 billion in annual revenue and serves over 1.5 million customers — scales operations and expands its market reach.

FreshPure Waters Acquires Aqua Solutions

April 18, 2024

Food & Beverage

FreshPure Waters, a New Mexico-based bulk water vending operator, has acquired Aqua Solutions, a longtime vendor of high-end water-refill machines for grocery stores, to expand its national footprint and strengthen service capabilities in the Western United States. The acquisition follows FreshPure’s October 2023 purchase of Arctic Mountain and further grows FreshPure’s presence (now in 43 states).

Whole Earth Brands Acquires Wholesome Sweeteners

December 17, 2020

Food & Beverage

Whole Earth Brands, Inc. agreed to acquire all outstanding stock of WSO Investments, the holding company for Wholesome Sweeteners, for $180 million in cash plus up to $55 million in earnouts. The acquisition, expected to close in Q1 2021 subject to customary antitrust review, expands Whole Earth Brands' portfolio in organic and natural sweeteners and is expected to be immediately accretive to earnings.