HeinekenHeineken subsidiary Distribuidora La Florida divests FIFCO USA/CCR American Holdings to Saothair, exiting the US brewer.
US brewer FIFCO USA has been renamed North American Breweries following its acquisition by private-equity firm Saothair Capital Partners. Saothair completed the purchase of CCR American Holdings, Inc., which trades as FIFCO USA, from Heineken subsidiary Distribuidora La Florida; financial terms were not disclosed. The Rochester, New York-based business, which operates the Genesee Brewery and employs 700 people, returns to the NAB name to better align with its regional heritage. Rich Lozyniak, Saothair co-founder and operating partner, who served as NAB CEO from 2009 to 2014, said he couldn't be more excited about this next chapter. Peter Bodenham, a former NAB executive, has been appointed CEO, and the company will continue investing in the Genesee Brewery and its brands, which include Labatt, Genesee, and Seagram's Escapes.
HeinekenHeineken subsidiary Distribuidora La Florida divests FIFCO USA/CCR American Holdings to Saothair, exiting the US brewer.
Heineken Holding NVHeineken Holding NV is the parent of Heineken, whose subsidiary sold FIFCO USA to Saothair.
FIFCO USA is renamed North American Breweries after Saothair's acquisition, with new CEO Peter Bodenham.
Saothair Capital Partners completed the acquisition of CCR American Holdings (FIFCO USA), now renamed North American Breweries.
New owner Saothair commits to continue investing in the Genesee Brewery and its brands.