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Dallas-based SunTx Capital Partners is getting into the beer business, acquiring contract brewer Carolina Beer & Beverage. Terms of the deal were not disclosed.
The management team of the Moorersville, NC, company will stay in place, led by co-founder Michael Smith.
Smith, along with John Stritch, founded the company in 1997, upon acquiring the Carolina Blonde and Cottonwood Ales brands. While the company still produces...