Cape May Cancels Acquisition of Flying Fish

Dear Client:  New Jersey’s Cape May Brewing Company has put the kibosh on its planned acquisition of fellow Garden State craft brewer Flying Fish Brewing Co., CBD has learned.  Cape May Brewing Co. president Frank Stempin confirmed the deal was off to All About Beer this week, saying that “after extensive analysis during the diligence phase” the company “determined it will not complete the planned acquisition of Flying Fish. As a result, all plans associated with the close have halted,