• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Wednesday, February 8, 2023
SLC Metro News
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home News Local News

Large Beverage Company Acquires Squatters And Wasatch Brewing Labels — But Not The Taprooms – Salt Lake Tribune

large-beverage-company-acquires-squatters-and-wasatch-brewing-labels-—-but-not-the-taprooms-–-salt-lake-tribune
Share on FacebookShare on Twitter

Monster Beverage’s acquisition leaves the future of eight Utah restaurants in doubt.

(Francisco Kjolseth | The Salt Lake Tribune) Wasatch Brewing Company’s Polygamy Porter. Monster Beverage Corporation — the company known for Monster Energy Drink — has acquired the collective that includes Utah-based Wasatch Brewing and Squatters. The company is not acquiring the taprooms the two labels run in Park City and Salt Lake City.

  | Jan. 22, 2022, 1:00 p.m.

The company behind one of America’s most-popular energy drinks is getting into the beer business, buying the brewing collective that includes two well-known Utah beer brands: Squatters and Wasatch Brewing.

Monster Beverage Corporation — best known for its Monster Energy Drink — recently announced it was buying CANarchy, a Colorado-based craft brewing collective whose brands include the two Utah labels, for $330 million in cash.

Monster vice chairman and co-CEO Hilton Schlosberg announced the sale during an online investor meeting on Jan. 13, explaining that the deal provided the company with “a springboard form which to enter the alcoholic beverage sector.”

The sale, Schlosberg said, gives Monster a “fully in-place infrastructure, including people, distribution and licenses, along with alcoholic beverage development expertise and manufacturing capabilities in this industry.”

The sale, which is expected to close before the end of March, includes manufacturing facilities for the beer brands.

What is not included in the sale are physical breweries or taprooms, which means the future of Salt Lake Brewing Company’s Utah restaurants is up in the air. CANarchy, which is the nation’s sixth-largest craft beer company, did not return requests for comment.

Both Wasatch — which was founded in 1986 and is Utah’s oldest microbrewery — and Squatters operate brewpubs in downtown Salt Lake City, in Sugarhouse, in Park City, and at the Salt Lake City International Airport.

The CANarchy sale came three days after a national beer importer, United States Beverage, acquired Uinta Brewing, the state’s largest craft brewer.

SLC Metro News

© 2021 SLC Metro News

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 SLC Metro News

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT