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Costa Rica Company buys Genesee, Honey Brown Ale, Seagram’s Brewery in USA

Categories: Business, Costa Rica
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Published on: 2012/10/29

Cerveceria Costa Rica has agreed to buy, at a cost of $388 million, North American Breweries Holdings, the largest independent brewer in the U.S.

Friday, October 26, 2012

from:

Florida Ice & Farm Buys Brewery in USA – CentralAmericaData :: The Regional Business Portal.

The Costa Rican company Florida Ice and Farm Co., SA (“FIFCO”) announced today that its subsidiary Cerveceria Costa Rica, SA (“CCR”) has signed an agreement to purchase North American Breweries Holdings, LLC and its subsidiaries (“NAB”), the largest independent brewer in the United States, owned by KPS Capital Partners, LP for $388 million. The closing of the transaction is subject to requirements laid out in a competition defense notification by Hart-Scott-Rodinoy to be reviewed by the U.S. Department of Justice and the Federal Trade Commission.

NAB has a portfolio of 10 families of brands in all of the most important segments of beer in the U.S., including imported beers like Labatt (leading Canadian beer) and Imperial (number one brand of beer in Costa Rica), craft beers (MagicHat, Pyramid, Dundee, Mac Tarnahan’s and Buffalo Bill’sBrewery), authentic American beers (Genesee and Honey Brown) and malt beverages such as the brand Seagram’s Escapes.

 

 

 

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