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Beverage company Mighty Craft's (ASX:MCL) low calorie beer, Better Beer, launch has exceeded expectations and expands its range before Christmas.
Mighty Craft has announced plans to buy SA producers Adelaide Hills Distillery, Mismatch Brewing and Hills Cider in a deal worth $47 million.
Mighty Craft says “cheers” to transformational Adelaide Hills Group acquisition The acquisition is expected to result in Mighty Craft’s spirit production capacity growing to 1.5 million bottles in FY22, making MCL one of the largest independent Australian craft spirit producers. The combined group is expected to deliver $78.7 million revenue in FY22. Mighty Craft Ltd (ASX:MCL) has entered into a binding agreement to acquire 100% of Adelaide Hills Group for aggregate consideration of $47 million, creating one of the largest craft spirit producers in Australia. The company bel...
Save Share The federal governmentâs âspendathonâ budget is set to be a boon for a number of stocks on the local sharemarket, pumping billions into the economy over the next several months, with domestic-facing consumer stocks set to receive the biggest boost. The extension of personal tax cuts for low- and middle-income earners, the extension of generous business tax incentives, and specific support measures for industries have created a tailwind for a number of stocks, helping to support the market as it again challenges record highs. Consumer stocks are set to gain from big m...
Crafting Opportunities One Chug At A Time Here’s cheers: the craft beer market offers plenty of upside to the discerning operators By Tim Boreham, Editor, The New Criterion Investors thirsting for an ASX beer exposure have been left largely unsated since Fosters/Carlton United Breweries and Lion Nathan were subsumed by foreign buyers a few years back. Coca Cola Amatil (CCL) has long held beer and spirits ambitions that have never quite come to fruition, but in any event the bottler looks headed to offshore ownership as well. But as any self-respecting hipster would know, all the action is t...