Monster Beverage acquires Canarchy Craft Brewery Collective for $330M
Monster Beverage Corporation (NASDAQ:MNST) is acquiring CANarchy Craft Brewery Collective LLC, a craft beer and hard seltzer company for $330M in cash.
The transaction is expected to close in 1Q22.
The acquisition will bring the Cigar City, Oskar Blues, Deep Ellum, Perrin Brewing, Squatters and Wasatch brands to the Monster beverage portfolio but does not include CANarchyâs stand-alone restaurants.

CANarchy will function independently, retaining its own organizational structure and team, led by Tony Short.
âThe addition of CANarchy and its brands to the Monster beverage portfolio represents an excellent opportunity to further grow our already robust product offerings,â added Monsterâs Chairman and Co-Chief Executive Officer, Rodney Sacks. âWe are excited to build and expand upon CANarchyâs existing brands with innovative new products.â