Craft Brew Alliance, Inc. (“CBA”) said it is acquiring Appalachian Mountain Brewery (AMB), Cisco Brewers, and Wynwood Brewing Co. through three separate purchase agreements. They had been “craft partners,” but now will be wholly owned CBA brands. Terms weren’t disclosed.
Over the past several years, the partnerships with North Carolina-based AMB, Massachusetts-based Cisco Brewers, and Florida-based Wynwood Brewing Co. have bolstered CBA’s portfolio with strong local brands and breweries in key markets, complementing Kona Brewing Co. as the anchor of CBA’s portfolio strategy.
Further, these partners have supported CBA’s strategic brewery evolution by leveraging the capability and location of the Portsmouth, N.H., brewery to increase production for partner brands as CBA rebalanced its brewing footprint.
As CBA partners, AMB, Cisco Brewers, and Wynwood Brewing Co. have each grown volume and share in their respective markets, and with these agreements, CBA will more significantly invest to unlock their full potential. CBA plans to increase marketing spend and resources to fuel each brand’s growth and help drive continued innovation and greater levels of support for their local communities.