Monster Beverage acquires Canarchy Craft Brewery Collective for $330M

February 18, 2022

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 CANarchy's stand-alone restaurants.

CANarchy will function independently, retaining its own organizational structure and team, led by Tony Short.

'The addition of CANarchy and its brands to the Monster beverage portfolio represents an excellent opportunity to further grow our already robust product offerings," added Monster's Chairman and Co-Chief Executive Officer, Rodney Sacks. 'We are excited to build and expand upon CANarchy's existing brands with innovative new products."

Over the current book year the total revenue will be 5.44 billion USD (consensus estimates). This is quite more than 2021's revenue of 4.6 billion USD.

Historical revenues and results Monster Beverage Corp plus estimates 2021

The analysts expect for 2021 a net profit of 1.38 billion USD. According to most of the analysts the company will have a profit per share for this book year of 2.58 USD. The price-earnings-ratio equals 31.84.

Analysts don't expect the company to pay a dividend. The average dividend yield of the beverage companies is a relatively high 1.7 percent.

Based on the current number of outstanding shares Monster Beverage Corp 's market capitalization is 44.08 billion USD. -11

On Thursday the stock closed at 82.14 USD.

Historical stock prices Monster Beverage Corp from 2007 till 2021

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