Everything Craft Beverage Creator Needs At One Place, Including CBD/THC-Infused Drinks? Lotus Beverage Alliance Launches In A $100M Deal

Lotus Beverage Alliance, a collective of experienced craft beverage equipment manufacturing companies, has officially launched as a company. Six American craft beverage equipment suppliers have merged in a $100 million deal to create Lotus Beverage Alliance. The combined capabilities of Lotus Beverage Alliance will enable beverage manufacturers of all sizes to access the most comprehensive array of products spanning every step of production for craft beer, wine, hard cider, spirits, cold brew coffee, ready-to-drink cocktails, kombucha, CBD/THC-infused drinks, and sake beverages.

The six merged companies are: Alpha Brewing Operations, GW Kent, Twin Monkeys, Stout Tanks and Kettles, Brewmation and Automated Extractions. The five founders of the six companies will remain in senior leadership positions at Lotus: Matt Rennerfeldt, John Watt, Kevin Weaver, Josh Van Riper and Randy Reichwage. John Ansbro, an industry veteran with more than 30 years of experience in equipment manufacturing, has been named CEO for Lotus.

“Lotus has everything craft beverage creators need to produce the amazing artisanal products they love, for people who love them,” stated Ansbro. “Our team’s proven industry experience includes a deep bench of experts helping to optimize the production of handcrafted beverages for consumers to enjoy.”

Lotus introduced a proprietary financing program that offers customers affordable financing options, removing cost barriers for startups and smaller beverage producers. Credit approvals typically take less than 24 hours to provide clients with maximum flexibility.

Following the six-way merger, the Lotus Beverage Alliance ownership structure includes the founders from all six businesses. Additionally, Lotus has implemented an employee ownership program, at no cost to the employees. Employee ownership has been extended to every single employee throughout the organization. Lotus collaborated with Ownership Works in this employee ownership program’s creation. The Lotus merger was facilitated by Ronin Equity Partners, a New York-based investment firm with a long-term growth focus. Ronin is also an investor in Lotus.

Photo by Scott Graham on Unsplash

 

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Posted In: CannabisM&ANewsMarketsAlpha Brewing OperationsAutomated ExtractionsBrewmationGW KentJohn AnsbroJohn WattJosh Van RiperKevin WeaverLotus Beverage AllianceMatt RennerfeldtOwnership WorkspremiumRandy ReichwageRonin Equity PartnersStout Tanks and KettlesTwin Monkeys
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