Press Release: R&D Brewing Co. Industry Veterans to Maintain Ballpark-based Brewery and Operations, Look to Expand Reach of Iconic Brand DURHAM, NC – January 10, 2019 – R&D Brewing Company has purchased Bull Durham Beer Co., the first brewery in America to operate in a Minor League baseball stadium. Founded in 2015 by Capitol Broadcasting… Read More…
More Industry Layoffs Reported
On the heels of 2018 in which the beer industry experienced layoffs at both large and small producers, it was reported that Hanger 24 Brewery in Redlands, Calif. has laid off nearly half of its brewery production team. The company also laid off two sales people last month.
More Industry Layoffs as Deschutes Cuts Jobs
Bend, Oregon-based craft brewer Deschutes Brewing Company is laying off 10% of its workforce. The 400,000 barrels the company brewed on 2017 make it the 10th largest craft brewer in the U.S. The layoffs, as reported by The Bulletin, come after the company announced it was holding back on building a new brewing facility in… Read More…
Deals Continue – ABV Picks up Sixpoint
Artisanal Brewing Ventures, a private equity group formed by the the merger of Victory Brewing Company and Southern Tier Brewing Company two years ago, announced today that they were acquiring Brooklyn-based Sixpoint Brewing of Brooklyn. “Our resources, expertise in craft beer and high operating standards can unlock Sixpoint’s growth potential, improve its productivity, and… Read More…
Boston Beer Hits a Home Run in Earnings Report
It wasn’t just the color of red socks that gained attention in Boston last week, it was also some pretty impressive news coming out of Boston Beer Company as they announced their third quarter earnings last Friday. Depletions for the most recent quarter which ended September 29 were up 18% while shipments for the… Read More…
Kansas’ Largest Brewery to Cease Operations
Kansas certainly isn’t known as a top-tier state for craft beer, but when the largest craft brewery in the state closes, it is notable. According to numerous news sites, Tallgrass Brewing is ceasing all production this week as it failed to secure financing to keep the kettles boiling. Founded in 2007, the company built… Read More…
Green Flash Brewing Forecloses and Sells
In a flash of events, Green Flash Brewing was foreclosed on by their largest lender Comerica which in turn has sold the assets of the company to an investor group under the name WC IPA LLC. The Virginia Beach brewery was not picked up by WC IPA and will be sold separately. WC IPA… Read More…
Small breweries drive growth
The number of operating breweries in the United States grew 16% in 2017 and smaller breweries generally fared better than large ones. Total beer sales declined 1% for the year, while craft (as defined by the Brewers Association) beer sales grew 5%. Microbreweries, meaning ones that made 15,000 barrels or less, and brewpubs delivered 76%… Read More…
Boston Beer CEO Position with Peet’s Executive
Boston Beer announced today that former president of Peet’s Coffee, Dave Burwick, will take the reins of CEO. Dave will replace longtime Boston Beer CEO Martin Roper. Dave is currently on the Board of Boston Beer Co. and is expected to take over sometime in the second quarter of the year. He took the… Read More…
Stone Brewing Files Suit Against MillerCoors
Stone Brewing has filed a lawsuit against MillerCoors, alleging that the Keystone line of beers has infringed on the San Diego craft brewery’s “Stone” trademark. The complaint was filed yesterday in the U.S. district court of Southern California. Stone Brewing claims that MillerCoors is purposely trying to “steal the consumer loyalty” by highlighting the… Read More…
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