Deal Mania: Lagunitas Goes Local; Krebs Brewing Purchases Prairie Labels; Odin Brewing Acquires Hilliard’s Brands
What a week for craft dealmaking. Yesterday, Lagunitas Brewing announced a string of investments into three smaller breweries that are intended to help the country’s sixth largest craft outfit “expand” the way it participates in local markets; Oklahoma’s Krebs Brewing Company has purchased Tulsa-based Prairie Artisan Ales, a small but well-known craft label amongst beer aficionados and another small deal in the Pacific Northwest will see the intellectual property and select brewing assets of Seattle-based Hilliard’s Beer LLC. transferred to the smaller Odin Brewing Company in Tukwila, Wash.
