Florida’s third largest brewery has been acquired. Indian River Beverage Corporation, which operates under the name Florida Beer Company, was purchased by the ANSA McAL group of companies based in Trinidad and Tobago, Brewbound has learned.
Just three months after it was acquired by Anheuser-Busch InBev, Virginia’s Devils Backbone will expand its reach into two new states – Pennsylvania and Delaware.
If you’ve worked in any industry for more than 30 years, it’s safe to assume that you’re an expert in that field. So by that logic, Harpoon Brewery co-founder Dan Kenary, who started the Boston-based company with partners Rich Doyle and George Ligeti in 1986, is a bona fide beer business expert. In a wide-ranging interview with Kenary, the longtime beer executive shares with Brewbound the business lessons he’s learned over the last three decades and thoughts on how the craft category will continue to evolve over the next few years.
There’s more private equity money flowing into the craft brewing industry, this time via consumer products-focused firm VMG Consumer Partners and popular San Diego beermaker Stone Brewing. VMG — which specializes in food and beverage investments and has purchased stakes in entrepreneurial ventures like KIND Healthy Snacks, Pirate’s Booty, Justin’s and Spindrift, among others — will invest $89.5 million into a recently formed limited partnership called “VMG Stone Brewing Coinvestment,” according to a June SEC filing.
In this week’s distribution roundup: Colorado’s Left Hand Brewing begins distributing in Wyoming, the 37th state where its products are sold; California’s Knee Deep Brewing Company plans to enter Kansas this summer and San Diego’s Alesmith Brewing Company will soon begin selling its beers in Sin City.
The Beer Institute, a Washington D.C.-based trade association representing domestic and international beer companies, has launched a new initiative asking brewers large and small to display caloric and nutritional information on individual products, packaging and websites. Calling it the “Brewers Voluntary Disclosure Initiative,” the BI is encouraging its 44 brewer and importer members – as well as more than 4,000 non-member craft breweries — to voluntarily include a serving facts statement on their products, as well as disclose ingredients on either the label or secondary packaging by 2020.
Duvel Moortgat USA today announced it has hired former Diageo marketing veteran Doug Campbell as the new president of Brewery Ommegang. In a press release, the company said Campbell would “oversee the day-to-day operations at the Cooperstown brewery” and “spearhead all marketing initiatives for Brewery Ommegang.” Current marketing director Bill Wetmore is leaving to pursue other opportunities, the company noted.
Longtime Sierra Nevada brewmaster Steve Dresler will retire in early 2017, the beer company announced last week. Under Dresler’s direction, Sierra Nevada won eight World Beer Cup awards and 31 Great American Beer Festival medals, according to the release. Sierra Nevada said it has already begun the search for a new brewmaster and that Dresler would help train the yet-to-be named replacement.
In this week’s edition of Last Call: Olde Mecklenburg Brewery embarks on a multi-million dollar expansion and launches an ad campaign; Stone Brewing taps its first Richmond-brewed beer; Appalachian Mountain Brewery updates shareholders and the Beer Institute reports import volumes through May.
Around this time last month, we were busy hosting nearly 250 beer industry professionals at the Brewbound Session in Brooklyn. Held on June 9 at the Liberty Warehouse in Red Hook, the summer 2016 edition of our bi-annual business conference featured a variety of presentations from craft entrepreneurs and panel discussions with notable industry experts.
Hoping to emulate the early success of his San Diego-based beer company Saint Archer Brewing, which was purchased by MillerCoors last September, entrepreneur Josh Landan is doubling down on the beverage business. Landan, together with current Saint Archer vice president Jeff Hansson, is preparing to launch Villager Goods, a line of food and beverage products backed by many of the same action sports figures who initially funded Saint Archer.
63 percent of all beer sold on draft in Oregon last year was made by an in-state brewery, according to a new report from the Oregon Brewers Guild. The non-profit trade association last week reported that Oregon residents drank more than 650,000 barrels of local beer in 2015, more than 22 percent of all beer consumed in the state.
Breakthru Beverage, which was formed after Wirtz Beverage Group and Charmer Sunbelt Group merged last October, yesterday announced that it had acquired Alliance Beverage Distributing Company in Arizona.
Boulevard Brewing today announced plans to expand its sales footprint, adding new distribution in Delaware, Connecticut and Pennsylvania. Boulevard beers will begin hitting the new markets in late July, the company said.