DB pays $30.5M for Tuatara in year of small sales growth, flat margins

Fri, 01 Jun 2018

By Paul McBeth June 1 (BusinessDesk) - DB Breweries paid $30.5 million for Kapiti boutique beer maker Tuatara Brewing Co last year as the country's major liquor companies beef up their craft beer credibility to reach consumers with a taste for high-end brews. The Auckland-based brewer paid cash for the boutique firm in January last year in a deal attributing $16.5 million to the Tuatara brand and $12.8 million to goodwill, DB's 2017 financial statements show. That trumps the potential $25.1 million price rival Lion - Beer, Spirits & Wine...

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