Mass. Bay Brewing Merges with Finestkind to Form Barrel One Collective

Deal News | Dec 31, 2024 | EIN

Mass. Bay Brewing Merges with Finestkind to Form Barrel One Collective

Mass Bay Brewing Company, owner of Harpoon Brewery, and Finestkind Brewing, which operates Smuttynose Brewing Co., have announced a merger to form the Barrel One Collective. This consolidation will create a formidable presence in New England's craft beer industry, overseeing seven breweries or taprooms across four states. With a combined production volume of 165,000 barrels and more than a dozen brands, the merger aims to enhance growth potential and continue offering high-quality products to craft beer enthusiasts in the region. Dan Kenary, co-founder and CEO of Mass Bay Brewing, will take the helm as the chief executive of the newly formed collective. The merger reflects a strategic move to strengthen their market position with 75 years of brewing expertise collectively.

Sectors

  • Craft Brewing
  • Food and Beverage

Geography

  • United States – Both Mass. Bay Brewing Company and Finestkind Brewing operate within the U.S., with a focus on the northeastern region, particularly Massachusetts and New Hampshire.
  • New England – The merger impacts the craft beer industry in New England, as both firms have established operations in Massachusetts and New Hampshire, with further reach in the region.

Industry

  • Craft Brewing – This merger involves prominent participants in the craft beer industry, uniting to strengthen their position and expand operations in the competitive market.
  • Food and Beverage – The companies involved are major contributors to the beverage sector, specifically focusing on craft beer production and distribution.

Financials

    Participants

    NameRoleTypeDescription
    Mass. Bay Brewing CompanySelling CompanyCompanyParent company of Harpoon Brewery, a major player in New England's craft beer industry.
    Finestkind BrewingBidding CompanyCompanyOperator of Smuttynose Brewing Co., known for its substantial presence in the craft beer sector.
    Barrel One CollectiveNewly Formed EntityCompanyThe merged entity combining Mass. Bay Brewing and Finestkind Brewing, poised to strengthen the regional craft beer industry.
    Dan KenaryCEO of Barrel One CollectivePersonCo-founder and CEO of Mass. Bay Brewing, he will lead the newly formed collective.