Inc. Magazine’s annual ranking of the top 5,000 fastest-growing private companies in the U.S. is out and, not surprisingly, several craft breweries made the cut. Nine craft breweries appeared on this year’s list, which is ranked according to percentage revenue growth over a four-year period.
To keep up with growing demand for its products on the Mainland, Maui Brewing has made a number of wholesale moves in California and Nevada. The company yesterday announced expanded distribution along California’s central coast, signing with four new distributors for coverage throughout Santa Cruz, Monterey and San Luis Obispo. Maui has signed agreements with Chrissa Imports, Central Coast Distributing, Delta Pacific Beverage and Pipeline Beverage.
Deschutes Brewery has signed agreements with three new beer wholesalers in Michigan, the company announced today. The brewery, based in Bend, Ore., has inked deals with Alliance Beverage in Western Michigan, Fabiano Brothers in Central Michigan, and Daniel L Jacob & Co. for coverage in “Ann Arbor South.”
Famed beer historian, critic, and author, Fred Eckhardt, who was known by many as “the dean of American beer writers,” died Monday morning at age 89 at a hospital in Portland, Ore.
Left Hand Brewing has signed a new distribution agreement with Wirtz Beverage for coverage throughout Nevada. An official launch is planned for August 28, the distributor announced in a statement today.
Owned by employees and powered by wind, New Belgium has long touted its commitment to the social good. The latest designation the company is after, though, is one that has been seemingly celebrated and challenged in equal measure. New Belgium is in the process of becoming non-GMO verified.
Craft Brew Alliance today released its second quarter earnings results, which were highlighted by flat year-to-date depletion growth against a comparable six-month period last year, leading to disappointing topline growth.
Sierra Nevada just eliminated any hope you may have had of accomplishing anything remotely productive today.
A toxic spill that colored the Animas River a muddy, polluted shade of yellow last week could potentially hurt the beer tourism business in Durango, Colo.
Texas’ Del Papa Distributing today announced the creation of a new craft and specialty division to better capitalize on the “explosion” of craft beer. In a statement, Del Papa said its own steady increase of craft volume – trending at 25 percent over the past four years – was the impetus for the creation 2-Row Distributing, which will launch selling national and local craft brands alike.
After 25 years at the helm of New Belgium Brewing, co-founder Kim Jordan will step down as CEO and transition into a new role as executive chair of the brewery’s Board of Directors, the company announced today. Current president and chief operations officer Christine Perich, who began her career at New Belgium in 2000 and has also previously served as the company’s chief financial officer, has been named CEO. She will take over on October 9, the company said.
In June, as reported by Brewbound, Kentucky passed a law that forced both Rhinegeist Brewery, a small beer company from Ohio, and Anheuser-Busch InBev, the world’s largest brewer, to sell off distributorships it owned in the state. Using that case a starting point, the Center for Public Integrity this week ran an illuminating piece highlighting the lobbying power established distributors have displayed, in Kentucky and beyond, in driving such legislative efforts.
Shares of Craft Brew Alliance (BREW) plunged today following yesterday’s after-hours release of weaker than expected second quarter earnings. During a quarterly earnings call, CEO Andy Thomas tried his best to reassure investors that the company’s performance in home markets, and its continued investment against a long-term strategy of improving gross margins, were bright spots in an otherwise disappointing three-month period.
It took 18 months, but Port Brewing/The Lost Abbey has finally bought out its disgraced former CFO, James Comstock. Comstock, a founding partner in the Port Brewing/Lost Abbey business, was arrested on Dec. 18, 2013 on charges that he took more than $200,000 from a San Diego-area nonprofit, ArtSplash, where he served as treasurer. Following his arrest, Comstock was immediately let go from the beer company and eventually pleaded guilty to embezzlement charges last July. He was sentenced to three years probation.