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Labbats & High Falls to Merge?

Private-equity firm KPS Capital Partners LP is looking to gain a foothold in the US Beer business.

The company is in the final stages of closing a deal to acquire High Falls Brewing Co., the closely held maker of the Genesee and Dundee beer brands, according to people familiar with the matter. It also is among the final bidders for Labatt USA, an arm of the world’s largest brewer, Anheuser-Busch InBev.

KPS hopes to combine High Falls and Labatt USA, both based in upstate New York, and explore other transactions in the industry, which is undergoing rapid consolidation.

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Saturday, December 16, 5:26 am

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