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Led By $23 Million Purchase of Cisco Brewers, Craft Brew Alliance Buys 3 Beer Companies

Posted On: Oct 10, 2018   |   Posted By: Brewbound

Led By $23 Million Purchase of Cisco Brewers, Craft Brew Alliance Buys 3 Beer Companies

Craft Brew Alliance's nearly four-year-long strategy of partnering with smaller brands has officially culminated with three separate purchase agreements that, combined, will cost the company less than $45 million.
CBA, a publicly traded craft brewery group headquartered in Portland, Ore., today announced that it would wholly acquire Massachusetts' Cisco Brewers, North Carolina's Appalachian Mountain Brewery and Miami's Wynwood Brewing.
“From the beginning we knew that our shared values and complementary interests gave us a platform to grow together,” CBA chief Andy Thomas said via a press release. “Over the past few years, as we've gotten to know each of these exceptional breweries and their passionate teams, it became increasingly clear that the future would be brighter for all of us working together as one.”
The company will spend $23 million to acquire Cisco Brewers, which was founded in 1995 and operates a small brewery on Nantucket Island.
Financial terms for the other two transactions were not...

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