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Old 08-06-2010, 01:27 PM   #1
tieflyer
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this stinks in my opinion:
"KPS Capital Partners’ New York-based Genesee is reportedly close to an acquisition for Magic Hat, the Vermont-based microbrewery.

The private equity firm declined to comment for this story.

The deal, if reports are true, would represent the firm's first add-on since the three-way merger of Genesee producer High Falls Brewing Co., Labatt USA— an Anheuser Busch-InBev carveout —and the Seagram’s Cooler Escapes and Smooth Brands, acquired from Pernod Ricard.

With roughly 130 employees, according to Beer Business Daily, Magic Hat is Vermont’s largest brewer. Beer Business Daily was the first to report the deal between Genesee and Magic Hat.

In the past, KPS Capital Partners’ Raquel Vargas Palmer has worked on its buildout of its alcoholic beverage assets.

In recent months M&A in the brewery space has been downright frothy. Otter Creek Brewing Company, last year, sold itself to a larger group of investors that also owns Long Trail. Earlier this summer, food executive Deal Metropoulos acquired Pabst Brewing, and in April, Anchor Brewing Co. was sold to Griffin Group, a California-based, privately-held firm."

 
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Old 08-06-2010, 01:33 PM   #2
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meh - Magic Hat doesn't brew anything I care for...

kinda hate to see a microbrewer sucked up into the machine, tho

 
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Old 08-06-2010, 06:42 PM   #3
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That stuff is bound to happen. And I agree, so far I am not orgasmic on any Magic Hat that I've tried.

 
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Old 08-08-2010, 08:02 PM   #4
Denny330
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Magic Hat's recent legal battle over the #9 v. 9# debacle put them on my poop list forever. Frankly them being absorbed into inBev makes my heart happy now- I have officially no reason to support them.

 
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Old 08-09-2010, 03:57 AM   #5
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i've tried #9 twice and think it's a terrible beer, i don't know what the hype is all about. i'm sure it was a deal they couldn't pass up...
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Old 08-09-2010, 04:08 AM   #6
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Quote:
Originally Posted by android View Post
i've tried #9 twice and think it's a terrible beer, i don't know what the hype is all about. i'm sure it was a deal they couldn't pass up...
People love that beer though. I hate it. I'd much prefer a bud light over it.
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Old 08-09-2010, 04:57 AM   #7
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Magic Hat's proprietary yeast is their problem. Every beer they make has a certain common quality that just bothers me.
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Old 08-09-2010, 12:04 PM   #8
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Quote:
Originally Posted by Airborneguy View Post
Magic Hat's proprietary yeast is their problem. Every beer they make has a certain common quality that just bothers me.
that or proprietary apricots...





which are great, just not in beer...

 
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Old 08-09-2010, 01:11 PM   #9
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Quote:
Originally Posted by Hang Glider View Post
that or proprietary apricots...





which are great, just not in beer...
I disagree. I've had the Apricot Wheat at Jamesport Brewing in Ludington and thought it was very good. Now fruit beers are not my thing, but this was very drinkable and I believe they sell a ton of it.

 
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Old 08-09-2010, 01:31 PM   #10
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or Aprihop by DFH. great beer and one of the few fruit beers i can stand.

 
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