KPS agrees to acquire Labatt USA, launches North American Breweries
KPS Capital Partners L.P. has reached an agreement to acquire the U.S. operations of Labatt Brewing Co. Ltd., setting the stage to potentially move Labatt USA beer-making to High Falls Brewing Co. LLC in Rochester. Terms of the deal were not disclosed.
Hard to get overly excited about this. It's good for Rochester but for bad for Buffalo, where Labatt USA is currently based, so it's a wash in my book.
I did like this line though:
"We intend to continue to grow North American Breweries aggressively, both organically and through acquisition of new brands and exceptional breweries," said Raquel Palmer, a KPS partner.
No doubt. In hard economic times, what lines of business continue to thrive? Board games, gardening and alcohol, to name a few. Now, to find a way to combine the three....