Dear Client:Buying craft brewers isn't always gravy for the big guys. Sure, strategic acquisitions generally award global brewers with hot brands in complementary styles, as well as local and regional brand representation.But the deals aren't always nice and neat. Perhaps the biggest con for buyers is around network alignment and local franchise laws. It's the reason Boston Beer hasn't been acquisitive, they've often said on earnings calls.Case in point: we're seeing footprint dissynergies in the craft hotbed of the Pacific
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