In his column for Brewbound Voices, Scott Birkner, the senior vice president and manager of the craft beverage lending division at United Community Bank, addresses 10 important questions brewers need to consider before working with a lender.
Concerns over potential price gouging are mounting after President Donald Trump signed an executive order last Thursday to impose a 10 percent tariff on imported aluminum. In a letter sent yesterday to Secretary of Commerce Wilbur Ross, four beverage trade groups — the Beer Institute (BI), Brewers Association (BA), Can Manufacturers Association (CMI) and American Beverage Association — cited “major concerns about how the 10 percent tariff could cause price-gouging within aluminum markets.”
Every penny counts in a smaller craft brewery, and in the current competitive market, you cannot afford to produce less-than-stellar beer. Automating the process with the Z Series can free you up to play with boutique recipes and perfect your flagships while keeping costs low.
After completing its annual “beer review,” popular craft beer restaurant chain Yard House said it will tap 427 new beer brands across its more than 70 U.S. locations beginning March 26. The California-based restaurant chain’s four-month assessment of its beer list concluded with it swapping out about 20 percent of the more than 9,800 tap handle placements.
A pair of Michigan-based MillerCoors distributors are consolidating their beer businesses. Kalamazoo-headquartered Imperial Beverage today announced that, after five months of negotiating, it had acquired Bayside Beverage, the beer division of Highland Park-based Great Lakes Wine & Spirits.
How much is a distressed craft brewery worth in 2018? Somewhere north of $8.25 million, if the scene at New Hampshire’s Smuttynose Brewing earlier today is any indication. An auction run by James R. St. Jean Auctioneers for Smuttynose ended with the company’s banker, Provident Bank, reclaiming the brewery for $8.25 million on Friday afternoon. Immediately after the auction concluded, Norman Rice, a local tech entrepreneur, approached the bank about purchasing the Portsmouth-based company.
Oregon’s Ninkasi Brewing has announced the hiring of former Bell’s Brewery director of sales, Marty Compton. Compton, who officially joined the Eugene-based Ninkasi as its new national sales director earlier this week, departed Bell’s Brewery last August.
In this week’s Last Call: President Trump imposes tariffs on steel and aluminum; Heineken attempts to acquire a majority stake in United Breweries; Three Floyds’ expansion plans are approved; and more.
Pearse Lyons, the founder and president global biotech company Alltech, died today at the age of 73.
Craft Brew Alliance (CBA) CEO Andy Thomas repurposed an old presidential metaphor during Thursday’s 2017 financial results call with investors and analysts to illustrate the publicly traded company’s health.
Craft Brew Alliance (CBA) officially announced its 2017 earnings today, which fell in line with preliminary financial results shared on February 1. Those results were again highlighted by net sales increasing 2 percent to more than $207.5 million and 10 percent depletion growth for the Hawaiian-themed Kona brand.
After pulling distribution from two states last year, Santa Fe Brewing Company is re-focusing its efforts on growing sales in its home state of New Mexico and seven other core markets. Santa Fe director of sales and marketing Jarrett Babincsak told Brewbound that the company decided to dig deeper in its eight-state footprint due to the increasingly more difficult challenge of selling beer away from a home territory.
After two consecutive years of single-digit sales declines, Sierra Nevada Brewing is refocusing its efforts on selling its flagship Pale Ale while also telling its story to consumers.
First Beverage Group, one of the top dealmaking firms in the beverage industry, today announced that it has spun off its investment banking division and merged the unit with Seattle-based Cascadia Capital’s consumer and retail team. Specific financial terms of the transaction, which closed on March 5, were not disclosed.
In the latest Legislative Update: Sunday sales are now legal in Indiana; South Dakota is on the verge of increasing its barrel cap; tensions run high in Maryland; and more state news.