Mitch Steele Leaves Stone to Start Own Project

One of the most well-known brewers in the industry, Mitch Steele of Stone Brewing Co., has announced he will be leaving the company to start his own brewing project. He did not announce details of the project, only to say that he would be partnering with a handful of investors. His last day at Stone… Read More…

CBA Announces Soft 2014 Numbers

Craft Brew Alliance announced today in a preliminary financial report that the company had a net sales growth of $1.8 million for the fourth quarter, an increase of 4% over the fourth quarter in 2014, in spite of flat shipment volume. Gross profit for the fourth quarter increased by 13% to $15.5 million, and gross… Read More…

Brewed in Hawaii? Kona Announces New Island Brewery

Kona Brewing Company has announced that it will invest approximately $15 million to expand its brewery operations in Hawaii. The expansion project, which will include a new 30,000 square-foot brewery, will increase annual production capacity to 100,000 barrels per year. Kona Brewing is currently narrowing its list of possible locations for the new facility, with… Read More…

Westward Ho!

SweetWater Brewing Co. of Atlanta may be the first eastern brewery to expand westward. The brewery has announced that it purchased the brewing system that was once a Pyramid Breweries production brewery in Berkeley, California. The building itself has been sold. The purchase includes a 130 barrel brewhouse which could produce up to 420,000 barrels…. Read More…

ABI Down Slightly in Quarterly Earnings Report

Anheuser-Busch InBev announced in its quarterly earnings report yesterday that U.S. depletions were down 2.1% while overall shipments to wholesalers was up 1.2%. For the nine month period, depletions were down just about 2% and shipments were down a similar amount. The company had revenue of $11376.00 million for the quarter which is down -7.1%… Read More…

Gobble, Gobble. The Deals Just Keep Going Down

Craft Brew Alliance announced today announced that it has formed a strategic partnership with Cisco Brewers, based on Nantucket Island in Massachusetts. The two companies are entering into a distribution and production agreement that will provide Cisco with access to the CBA Portsmouth, N.H brewing facility and plug the brands into the CBA distribution network…. Read More…

Dogfish Head Sells Stake to PE Firm

Dogfish Head Craft Brewery announced today it has sold a 15 percent stake in the company to a New York-based private equity firm, LNK Partners. In announcing the deal, Dogfish Head co-founder Sam Calagione said his company plans to eventually repurchase LNK’s share. The cash infusion now will allow Dogfish Head to continue growing. The… Read More…

Crafts ‘Biggest Deal?’ Heineken Partners with Lagunitas

In one of the largest deals in craft brewing history, it was announced today that Dutch brewing company Heineken has bought a 50% stake in Lagunitas Brewing Company. It appears to be a similar deal to the recent Firestone Walker Brewing Company merger with Flemish-family owned brewery Duvel Moortgat. There will likely be little change… Read More…

Jordan to Step Down at New Belgium CEO

New Belgium Brewing’s Chief Operations Officer and President, Christine Perich, has been named CEO as Co-founder Kim Jordan transitions exclusively into the Executive Chair of the Brewery’s Board of Directors. The move will allow Perich to focus on short-term strategy, leading the executive team, industry leadership and running day-to-day operations. Jordan will focus on long-term… Read More…

Duvel Moortgat Joins Firestone Walker

Belgian-based Duvel Moortgat and California’s Firestone Walker Brewing Company and have announced they will combine their two companies in the United States. FW founder David Walker and Adam Firestone and Michel Moortgat, CEO of Duvel Moortgat, signed an agreement earlier this week, and the transaction is expected to close later this year. Because it is… Read More…