Craft Beer News, Events & Jobs

Avery Brewing Announces 2 Executive Hires

Avery Brewing Announces 2 Executive Hires

Brian “BK” Krueger will join the Boulder, Colorado-headquartered company as director of sales and marketing. Krueger, who has plenty of experience in the Colorado market after a 16-year career as sales executive with New Belgium Brewing Company in Fort Collins, will fill the role being left by Dustin LeMoine, who the company is promoting to Chief Operating Officer, effective immediately.

Nielsen: Beer Growth Trailing Wine and Spirits

Nielsen: Beer Growth Trailing Wine and Spirits

New data from market research firm Nielsen confirms what many beer executives have long feared: The beer category is continuing to cede sales to wine and spirits. On-premise volume sales of beer over the 52-week period ending June 17 were down more than 2 percent, according to a new Nielsen report outlining the latest beverage alcohol trends.

BrewDog Secures $7 Million in Crowdfunding Campaign

BrewDog Secures $7 Million in Crowdfunding Campaign

Nearly a year after launching its “Equity for Punks” USA crowdfunding scheme, Scottish craft beer company BrewDog PLC has announced that it raised $7 million, falling considerably short of a stated $50 million target.

ZX Ventures Funds Development of New Non-Alcoholic Beverage Made From Spent Grain

ZX Ventures Funds Development of New Non-Alcoholic Beverage Made From Spent Grain

In an effort to find a different use for spent grain — a byproduct of the beer brewing process – Anheuser-Busch InBev, via its ZX Ventures ‘global disruptive growth group,’ has backed a non-alcoholic beverage startup hoping to turn leftover malt into a drinkable product. A-B is hoping that a proprietary fermentation process, developed internally, can transform at least some of the nearly 8 billion pounds of spent grain produced across the beer industry each year into an isolate that will be used in a new line of plant-based barley beverages called “Canvas.”

4 Breweries Close Their Doors in 2-Week Span

4 Breweries Close Their Doors in 2-Week Span

Four craft breweries have shuttered in less than two weeks, the most well-known of which, Rubicon Brewing Company, had operated in Sacramento for nearly 30 years.

With Funky Buddha Purchase, Constellation Shifts Acquisition Strategy to ‘Local Brands’

With Funky Buddha Purchase, Constellation Shifts Acquisition Strategy to ‘Local Brands’

Constellation Brands has acquired fast-growing Florida-based craft beer producer Funky Buddha and, in the process, formed a new “High End Craft and Specialty” business group specifically tasked with overseeing the company’s present and future craft brewery purchases. Financial terms of the deal, which closed yesterday, were not disclosed. The structure is similar to Constellation’s 2015 purchase of San Diego’s Ballast Point Brewing, which was worth $1 billion, Brewbound understands. A sale price was not disclosed, but the all-cash deal is for 100 percent of the company, according to KC Sentz, who co-founded the brewery with his brother Ryan Sentz.

Constellation Brands Acquires Funky Buddha

Constellation Brands Acquires Funky Buddha

Constellation Brands today announced the acquisition of Florida-based Funky Buddha Brewery. Terms of the deal were not disclosed.

With Launch of Crowdfunding Campaign, Black Star Line Ferments a Business with a Social Mission

With Launch of Crowdfunding Campaign, Black Star Line Ferments a Business with a Social Mission

At the Startup Brewery Challenge in June, L.A. McCrae, the founder of North Carolina’s Black Star Line Brewing, took the stage to deliver a passionate, three-minute pitch about a brewery, for certain, but also something more. “Black Star Line Brewing Company is a grassroots, family-centered brewery launching a social movement,” McCrae said at the time.

Keith Greggor Explains Why He Sold Anchor Brewing Company

Keith Greggor Explains Why He Sold Anchor Brewing Company

Japan’s Sapporo Holdings Ltd. announced last Thursday that it would acquire craft brewing pioneer Anchor Brewing Company for a provisional $85 million sum. In his first interview since the deal was announced, Keith Greggor, the owner and CEO of Anchor Brewers & Distillers, the brewery’s parent company, spoke to Brewbound about the circumstances that led to the sale, the current state of craft M&A and his plans for Anchor Distilling.