A day after announcing Anheuser-Busch will acquire the remaining stake in Craft Brew Alliance (CBA), the Portland, Oregon-headquartered craft beer company reported modest depletions growth in its third-quarter earnings report, boosted by sales of its Kona Brewing brand. Portfolio-wide CBA depletions (sales-to-retailers) increased 2%, driven by Kona Brewing’s depletions growth of 7%. “CBA’s third quarter… Read more »
A number of members of Anheuser-Busch InBev’s corporate affairs team have left the company since early 2019. Cider strategist Caitlin Braam parts ways with Angry Orchard. Beverage operations manager Jonny Stringer departs CraftWorks.
Over the last eight weeks, Anheuser-Busch InBev and Craft Brew Alliance (CBA) have been working together to finally complete a merger of the long linked together beer companies. The culmination of that work came Monday with the announcement that A-B, which owns 31.2% of CBA, would acquire the remaining stake in the publicly traded Portland, Oregon-headquartered craft brewing company.
Anheuser-Busch InBev and Craft Brew Alliance (CBA) announced today that the world’s largest beer company will acquire the remaining 68.8% of CBA that it did not own for $16.50 per share in cash.
Anheuser-Busch InBev-owned 10 Barrel Brewing’s 3-year-old Bend, Oregon-based headquarters is listed for sale for $19.7 million on a commercial real estate website. According to the listing and an accompanying video on the Compass Commercial website, 10 Barrel will remain as a tenant in the space for seven and a half years.
Pabst Brewing Company today announced a long-term agreement to brew the majority of its production volume at City Brewing Company by December 2024. The Los Angeles-headquartered beer company’s agreement with City Brewing lasts until 2040. News of the new contract agreement comes one year after Pabst Brewing settled a lawsuit against MillerCoors over contract production of its brands.
Openings & Closings: Green Flash’s Nebraska brewpub is closed; Fort Point plans to renovate and rebrand its Black Sands pub; Ska Brewing and Peach Street Distillers to take over the former Fate Brewing space; and more closures in Portland, Oregon.
In this week’s edition of Last Call: Drake and Canopy Growth partner to launch More Life Growth Company; Walmart offers curbside pickup of alcohol in 29 states; JetBlue to offer Truly Hard Seltzer; and more news bites.
Founders Brewing Company’s Detroit taproom will remain closed through the end of 2019. In the wake of a now-settled racial discrimination lawsuit filed by a former employee against the Grand Rapids, Michigan-headquartered craft brewery, the company said it will reopen the taproom in “early 2020” and donate all profits to local charities and organizations “through at least 2022.”
In Episode 4 of the Brewbound Podcast’s second season, Odell Brewing co-founder Wynne Odell and Sierra Nevada founder Ken Grossman share what it’s like to begin to take a step back from the industry they helped build.
Phusion Projects officially rolled out its first Four Loko branded hard seltzer to retailers today, after going viral on social media over the summer. A-B announced today that Bud Light Seltzer will launch in the first quarter of 2020 in four flavors: Black Cherry, Lemon Lime, Strawberry and Mango.
Portland, ME boasts the highest number of breweries per capita in the U.S., providing the perfect microcosm of an increasingly crowded marketplace. Peter Bissell, the co-founder of Bissell Brothers, one of Maine’s most popular breweries, joins the Brewbound Live Winter 2019 speaker roster to share unconventional business advice, and the business lessons he has learned while building brewing, distribution and restaurant ventures.
Russian River is brewing a Sonoma Pride IPL after a wildfire forced the evacuation of the popular Windsor, California, craft brewery last week. Co-founder Natalie Cilurzo told Brewbound that Sonoma Pride will be available next month at both the Windsor and Santa Rosa breweries and proceeds will support a yet-to-be-determined charity that supports firefighters.
A bill to extend federal excise tax (FET) relief has garnered a record number of co-sponsors following a day of action coordinated by the Beer Institute (BI), Brewers Association (BA) and other alcoholic beverage trade groups.