Six United States craft beverage gear manufacturing corporations merged by way of a $100 million deal final month to kind a brand new firm known as Lotus Beverage Alliance.
The merged corporations embrace: industrial brewing and canning supplier Alpha Brewing Operations (Lincoln, Nebraska); brewing, wine-making and canning gear supplier GW Kent (Ypsilanti, Michigan); canning programs supplier Twin Monkeys (Denver); industrial and residential brewing gear supplier Stout Tanks and Kettles (Portland, Oregon); brewing and distilling gear supplier Brewmation (Hopewell Junction, New York); and extraction gear and options supplier Automated Extractions (Hopewell Junction, New York).
John Ansbro, a longtime government of the North American department of German meals and pharmaceutical large GEA Group, has been appointed CEO of the mixed firm. Lotus Beverage Alliance made its public debut on the latest Specialty Espresso Expo in Portland, Oregon, and the corporate has quite a few different commerce present stops deliberate all through the beer, beverage and industrial gear industries.
The group is catering to manufacturing and gear wants for producers of cold-brewed espresso, craft beer, wine, laborious cider, spirits, ready-to-drink cocktails, kombucha, CBD/THC-infused drinks, and sake.
With the launch, Lotus Beverage Alliance has additionally launched a proprietary financing program designed to take away value boundaries for startups and smaller craft beverage producers.
The six-way merger was facilitated by New York-based Ronin Fairness Companions, which can be an investor within the mixed firm. The precise monetary phrases of the deal weren’t made public, though the founders of every of the six of the merged companies are all among the many Lotus possession group.
The brand new firm additionally incorporates an worker possession program for all staff, facilitated by the agency Possession Works.
“Lotus has all the pieces craft beverage creators want to supply the wonderful artisanal merchandise they love, for individuals who love them,” Ansbro stated in an announcement from the group ultimately month’s launch. “Our workforce’s confirmed business expertise features a deep bench of consultants serving to to optimize the manufacturing of handcrafted drinks for customers to take pleasure in.”
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