The seventh largest investor in Craft Beer Alliance, Midwood Capital Management, has announced that it has delivered a letter to the Directors of the company’s Board highlighting the substantial gap between the Company’s public market trading price and its intrinsic value. Midwood encouraged the Board to pursue a sale of the company either to its strategic… Read More…
Boston Beer and Dogfish Announce Merger
The Boston Beer Company and Dogfish Head Brewery today announced that the companies have signed a definitive merger agreement, bringing together two pioneering independent craft breweries and the high-profile founders Jim Koch and Sam Calagione. The merger agreement is estimated at close to $300 million. The deal is expected to close in the second… Read More…
Craft on Craft Continues – Mammoth Acquires Great Basin
The expected wave of ‘craft on craft’ mergers is beginning to show signs of life. The latest merger of two craft breweries was announced yesterday with Mammoth Brewing in Mammoth, CA acquiring Great Basin Brewing in Reno, NV. Great Basin and Mammoth Brewing will continue as different craft breweries, with Greta Basin founder, Tom… Read More…
BrewDog Acquires Berlin Brewery from Stone
In a blog post today, Greg Koch, co-founder of Stone Brewing announced that the company has sold their Stone Brewing World Bistro & Gardens Berlin facility to Brewdog. Stating that “we struggled greatly,” Greg went on to say that the company “invested a significant portion of a decade and significant millions building Stone Berlin…. Read More…
Bamforth to Join Sierra Nevada Brewing
Well-known and respected brewing and malting scientist Charlie Bamforth will join the staff at Sierra Nevada Brewing Co., it was announced today. Bamforth has been a fixture in the brewing world for decades. He retired from his position as Professor of Malting and Brewing Sciences at the University of California, Davis, in December 2018. Full… Read More…
Iconic BridgePort Announces Closing
One of the oldest craft breweries in the country is closing. BridgePort, founded by Richard and Nancy Ponzi in 1984, announced on its Facebook page that the iconic brewery will close on March 10th. The announcement said that an extremely “competitive craft beer market” in the Pacific Northwest was the decision to close. BridgePort sold… Read More…
Japan’s Beer Shipments Hit Record Low in 2018
Japan’s Beer Shipments Hit Record Low in 2018 by Natalie Wang The Drinks Business Japan’s beer shipments have been dropping for 14 consecutive years, and hit a new record low in 2018 with another 2.5% dip, according to figures published by five major breweries last week. The drop, according to a report by Jiji Press, is a… Read More…
R&D Brewing Acquires Bull Durham Beer Co.
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…
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