The shakeout of the MegaBrew deal will begin to be felt in Eastern Europe.
A new company that aims to provide small craft breweries with both growth capital and operating assistance has launched, and it has recruited a well-known industry veteran in the process. The company has tapped longtime beer industry veteran Adam Lambert — whose career includes sales and marketing stints at Virtue Cider, New Holland Brewing, Dogfish Head and Rogue Ales & Spirits — as its chief operating officer.
Behind last year’s $1 billion bet on Ballast Point, Constellation Brands Inc.’s big foray into the craft beer marketplace is beginning to pay off.
Amid declining production at its Redhook brewery in Woodinville, Wash., Craft Brew Alliance has laid off at least a dozen of the production employees who worked at the facility, Brewbound has learned. Reached for comment, CBA chief operating officer Scott Mennen confirmed the cutbacks, but declined to say exactly how many employees were let go, saying only that it was “about half” of the brewery’s production, packaging, warehousing, maintenance and brewery operations workers.
Georgia may not technically allow production breweries to sell beer directly to consumers, but if and when it does, Monday Night Brewing will be ready: It’s planning to open a large tasting room as part of a $2 million satellite brewery expansion.
Newburyport Brewing Company today announced an investment into Isle Brewers Guild, a $12 million Rhode Island-based craft brewing cooperative currently being built in Pawtucket. Newburyport is the second craft beer company to invest in the Isle Brewers Guild (IBG), which aims to attract mid to large-scale craft breweries in need of extra capacity.
Christian Ettinger thought he was being pranked. “It was too good to be true,” Ettinger, the brewmaster and founder of Portland, Oregon’s Hopworks Urban Brewery, said of a June offer to collaborate with Patagonia Provisions, the sustainable food branch of the popular outdoor clothing company. The pitch? Brew the first commercially-available craft beer using Kernza,… Read more »
Brew Hub is dipping a toe into international waters. The Central Florida contract brewer today announced plans to begin producing beer for South Korea’s The Booth Brewing Co.
In this week’s edition of Last Call: the saga of MegaBrew is almost MegaThrough; Drizly launches its new online marketplace and Southern Oregon Brewing shuts its doors.
MassDevelopment — a public-private economic development agency that works to stimulate economic growth across Massachusetts — has issued a $7.7 million tax-exempt bond on behalf of Landreau Realty, LLC, a real estate entity for Tree House Brewing, to help the company build its new 150,000 barrel brewing facility.
Two Beers Brewing – and its fast-growing hard cider brand, Seattle Cider Company – have been sold to the Agrial Group, a leading French agri-business cooperative that does business across the beverage, dairy and food industries. Official financial terms were not disclosed. The transaction closed earlier this month, according to Joel VandenBrink, the founder of both companies.
Seven months after it launched its cider brand, Cidergeist, throughout Massachusetts, Cincinnati-based Rhinegeist Brewery this week said it would begin distributing its core beer offerings to the Bay State as well. And Bell’s Brewery today announced formal plans to expand distribution to Texas in 2017, inking agreements with 14 distributors throughout the state.
Beginning January, 1, 2017, Sierra Nevada will introduce two new core products: The first, Sidecar Orange Pale Ale, is a 5.3 percent pale ale brewed with oranges that the company hopes will generate interest from consumers craving a more fruit-forward drinking experience. A second product, Tropical Torpedo, will also look to capitalize on a growing shift toward citrus and tropical IPA variants.
In an effort to focus on the development of international Heineken brands, and their integration within the U.S. market, Heineken USA this month announced the creation of Five Points Trading Company. The new venture, aimed at “incubating a range of popular global beers in the U.S.,” will assume importer responsibilities for the Red Stripe, Tiger, Birra Moretti, Affligem, Murphy’s, Prestige, Sagres and Mort Subite brands.