The sale of Devils Backbone to beer giant Anheuser-Busch InBev has had rapid aftershocks within the industry. Devils Backbone co-owner Steve Crandall, who had served on the board of the non-profit trade association and chaired the group’s market development committee, offered his resignation last Tuesday, the same day his company announced the sale to A-B, Crandall told Brewbound.
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It’s a two-edged knife: Like so many emerging craft brewers across the U.S., Spokane’s No-Li Brewhouse has finally reached the point where it needs to spend a few million dollars if it wants to keep growing. It’s just one of many tradeoffs that No-Li is facing as it continues to mature. How much of its impressive per-case margin should it give up as it moves to faster-selling packages? Which territories should it withdraw from to focus on its home base? When it does build a new brewery, how big should it go?
At long last, the Brewers Association has finally added Swedish-Style Gotlandsdricke to its list of officially recognized beer styles. The organization yesterday released its 2016 “Beer Style Guidelines,” a reference of style descriptions and product specifications used by brewers and beer competition organizers around the world.
One million barrels. That’s where Anheuser-Busch InBev’s “High End” craft production is headed in 2016 following the acquisition of Virginia-based Devils Backbone Brewing Company, the company’s eighth craft brewery purchase since 2011 and its sixth in the last 18 months.
Bell’s Brewery yesterday announced plans to enter Texas in 2017. In a press release, the nation’s seventh-largest craft beer producer said it would launch its full portfolio in the state early next year, although the Michigan-based brewery has yet to formally ink any distribution agreements.
Anheuser-Busch InBev today announced it would acquire Virginia-based Devils Backbone Brewing Company. Terms of the transaction were not disclosed and the transaction is expected to close in the second quarter. The move is part of an ongoing march into the craft brewing world by the world’s largest brewery, which has acquired eight craft beer companies since 2011.
It’s been 10 months since the U.S. Senate formally reviewed the Craft Beverage Modernization and Tax Reform Act (CBMTRA), but the proposed federal excise tax reductions could still hitch a ride through congress thanks to the Federal Aviation Administration (FAA) Reauthorization Act of 2016. The Senate will continue its review of S.2658 — a “must-pass” bill that would reauthorize the FAA and specified FAA programs – this week. Sen. Ron Wyden (D-OR), the ranking Democratic member of the Finance Committee, first introduced the bipartisan CBMTRA last June. He has hinted that he is considering a beverage-friendly amendment as last-minute addition to the FAA bill.
Jack’s Abby Craft Lagers today announced it had signed distribution agreements with four New Hampshire wholesalers and would launch throughout the state for the first time later this month. The New Hampshire Craft Alliance — a wholesale cooperative including Bellevance Beverage, Clarke Distributors, New Hampshire Distributors, and White Mountain Distributors — has partnered with the Massachusetts-based brewer.
Pabst CEO Eugene Kashper calls it “gruit.” Forbidden Root founder Robert Finkel calls it “botanic beer.” Executives at Anheuser-Busch InBev, MillerCoors and a host of others simply call it “hard soda.” And then there’s at least three New England-based companies, including Boston Beer Company, going after an emerging “hard seltzer” segment. You probably know them all as flavored malt beverages.
Yesterday was National Beer Day and that’s as good an excuse as any to dive into a steinful of the latest U.S. beer statistics. After all, throughout the week, our inboxes overflowed with pitches from every corner of the industry. In the interest of identifying the most important takeaways, we’ve distilled everything into our own Friday 4-pack of stats.
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Oklahomans may soon have one more critical choice to consider when they cast their votes on Nov. 8. The Oklahoma House Rules Committee yesterday voted 6-3 in favor of Senate Joint Resolution 68, which would place several proposed changes to the state’s alcohol industry regulations in a single measure on the upcoming ballot.
Scottish craft beer maker Innis & Gunn today announced the $3.5 million purchase of the Perth, Scotland-based Inveralmond Brewery. Financed entirely with capital raised via the company’s crowd-funded “Innis & Gunn BeerBond” program last year, the acquisition of Inveralmond gives Innis & Gunn access to a brick & mortar brewing facility, which it lacked, as well as control of more than a dozen labels currently produced and marketed by Inveralmond.