Cerverceria Costa Rica buys major U.S. independent beer company for $388 million

Cerveceria Costa Rica bought North American Breweries, one of the largest independent beer companies in the United States, for $388 million.

North American Breweries produces the brands Labatt, Genesee, Seagram’s Escapes, Magic Hat, Pyramid, the Original Honey Brown Lager, Dundee and MacTarnahan’s. They also sell Costa Rica’s Imperial brand in the United States.

The brewery is headquartered in New York, but also produces beer in New York, Oregon, California and Vermont.  

Cerveceria Costa Rica, a subsidiary of Florida Ice and Farm Company, distributes all the major beer brands in the country including Imperial, Bavaria and Pilsen.