Monster Beverage acquires CANarchy craft brewery for $330M, enters alcoholic sector

Monster Beverage Corp

Deal value $330M cash; expected close Q1 2022, subject to regulatory approvals.
Acquisition provides springboard into alcoholic beverages; CANarchy brands include Cigar City, Oskar Blues, Deep Ellum.
CANarchy will operate independently with existing management led by CEO Tony Short.
Transaction does not include CANarchy's stand-alone restaurants; Monster's energy business unchanged.
Evercore and Jones Day advised Monster; Latham & Watkins advised CANarchy.

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