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…
Closings Continue
New Hampshire’s Smuttynose Brewing Company has said they are seeking an immediate buyer and if none is found they will be sold at bank auction March 9. Founded in 1994, the company is a longtime well-known player in the craft brewing industry. Smuttynose owner Peter Egelston has been in the industry since 1986 when… Read More…
Top Stories of 2017
Here we go, with a look at the past. It has been a wild ride in the industry the last three years, and 2017 was no exception. More big changes, which will dramatically shape the future. BA Defined Craft Up 6% in 2016 MARCH 28, 2017 The year starts out where it left off,… Read More…
CBA Sells Woodinville Brewery
Craft Brew Alliance announced today that it has entered into an agreement to sell its Woodinville, Washington facility to Sound Commercial Investment Holdings, LLC for $24.5 million. The transaction is subject to a financing contingency and other closing conditions that are expected to be resolved by the end of 2017. The Redhook Ale’s Woodinville… Read More…
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