Dallas

Energy Drink Company Monster Buys Deep Ellum Brewing

Monster Beverage Corp. has paid $330 million in an all-cash deal to acquire CANarchy Craft Brewery Collective LLC, which includes Dallas company Deep Ellum Brewing.

The deal adds six craft beer companies to Monster’s portfolio: Deep Ellum, Oskar Blues (Colorado), Cigar City (Florida), Perrin (Michigan) and Squatters and Wasatch (both in Utah).

It’s Monster’s first foray into the alcoholic beverage space, Hilton Schlosberg, Monster’s vice chairman and co-chief executive officer, says in a statement.

Read more about this story from our partners at The Dallas Morning News.

Share this news on your Fb,Twitter and Whatsapp

File source

News Nation USA: Latest News Headlines
News Nation USA||USA News||Science||Education||Sports||World

Show More

Related Articles

Back to top button
Close