Since its acquisition by Fireman Capital, Tampa’s Cigar City Brewing has refreshed its brand and continued to innovate and expand the brewery’s brand footprint.
Now, according to Beer Business Daily, Cigar City Brewing and parent company CANarchy have been acquired by Monster. The deal includes all of the breweries in the CANarchy group – Colorado-based Oskar Blues Brewing, Utah-based Squatters, and Wasatch Brewing, and Michigan-based Perrin Brewing Company, as well as Colorado’s Wild Basin Seltzers. It has been rumored around the beverage business for several months that Monster has been looking to get into the hard seltzer or beverage-alcohol business, which is where today’s announcement comes in.
From Beer Business Daily (subscription service):
Monster has struck a definitive agreement to acquire CANarchy Craft Brewery Collective for $330 million in cash. The deal is expected to close in the first calendar quarter of this year. Evercore served as financial advisor.
While the arrangement includes the well-known beer and seltzer brands from CANarchy’s platform, from Cigar City to Wasatch, it does not include their stand-alone restaurants.
Please note that this sale would not affect Cigar City Cider & Mead, as that organization was not included in the original sale to Fireman Capital with Cigar City Brewing.
Cigar City Brewing’s Hunahpu’s Imperial Stout is on track to be released in March 2022, for the first time in 16oz cans.
More on changes and developments as they are released.
About Cigar City Brewing
Steeped in the unique culture and history of Tampa, Florida, Cigar City Brewing began handcrafting award-winning beer in 2009. Cigar City Brewing’s ales and lagers bring to mind the sun and citrus for which Florida is known, while taking cues from the cigar industry upon which Tampa was built. Behind all of Cigar City Brewing’s liquid is the philosophy that quality is achieved by giving first-rate ingredients to first-rate people in a space where they are free to pursue their passion.