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FX Matt Brewery completes acquisition of Ohza, expanding its RTD portfolio

Sep 25, 2024•about 1 year ago

Acquiring Company

FX Matt Brewery

Acquired Company

Ohza

UticaCambridgeFood and BeverageManufacturingFood and BeverageRetail

Description

FX Matt Brewery has strategically acquired Ohza, a leading brand in the ready-to-drink (RTD) market. With this acquisition, FX Matt Brewery aims to diversify its offerings beyond beer and strengthen its presence in the RTD segment. The addition of Ohza to FX Matt’s portfolio signals the company’s intent to dominate the RTD space and cater to a diverse range of consumer preferences.

Company Information

Company

FX Matt Brewery

Location

Utica, New York, United States

About

FX Matt Brewery is one of the oldest breweries in the United States, known for its flagship Saranac beers. With a legacy of innovation, the brewery has expanded into multiple beverage categories, including hard seltzers, craft sodas, and RTD cocktails, alongside its craft beers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed