Wilmington, North Carolina-based Ironclad Brewery has established a venture capital business unit in order to invest its profits into other startups. Speaking to Brewbound, CEO Ted Coughlin said Ironclad will make investments in the beer space as well as other sectors with significant growth potential. He added that Ironclad will invest its profits — which he estimates will average about $200,000 annually — in about eight startup companies a year.
In this edition of People Moves: Joe Menetre, the former vice president of sales at New Belgium Brewing Company, has joined Fort Collins-based Suerte Tequila. Meanwhile, Constellation Brands has appointed former DHL executive Ricardo Bartra as its chief technology officer, and Sun King Brewing president Bob Whitt will step back from his day-to-day responsibilities at the end of July.
The growth and popularity of craft breweries in Texas in the last decade is nothing short of remarkable. The Texas craft sector produced 45,000 barrels in 2008. Just eight years later, this number had grown to 1.16 million barrels, ranking Texas 7th in production by state, per The Brewers Association’s 2016 analysis. Craft brew’s economic impact in Texas ranked 3rd amongst the states with $4.54 billion in sales and 8th in number of breweries operating at 201 (and probably upwards of 240 breweries today).
Great Divide Brewing Company is excited to announce Hazy IPA will be available in cans in limited quantities starting this July throughout the Denver Metro area.
With the passing of Kentucky House Bill 136, consumers are now able to purchase up to 31 gallons of beer directly from Kentucky microbreweries. Which means selling craft beer kegs at the source is officially legal.
Golden State Cider today announces our California Farms Cider Collection, a new draft-only cider series made from single apple varieties from orchards throughout California.
Nickel Brook Brewing Co. is tripling the taste with two new full-time fruit sour beers added to its popular Uber family of fruited Berliner weisse beers.
Midway through 2018, off-premise volume sales of craft beer across a variety of large-scale retail stores are up just 1.7 percent, according to market research firm IRI Worldwide. While craft beer dollar sales at grocery, club, drug, dollar, mass merchandiser and convenience stores were just shy of $2 billion through June 17, up 2.9 percent year-to-date, the most recent trends point to a slowdown as brewing companies head into an important summer season.
Upstart Texas beer maker Hop & Sting Brewing Company has purchased the assets and brands of Grapevine Craft Brewery from owner Glen Harrod. Financial terms of the deal — which did not include the building and land — were not disclosed, but Hop & Sting co-owner Brian Burton told Brewbound that “it was something just barely within our budget.”
This summer, after more than two centuries of building unmistakable bonds with beer lovers in the U.S., Guinness will finally have a permanent home in America. Diageo Beer Company USA is proud to announce that the Open Gate Brewery & Barrel House, located just south of Baltimore, will open to the public on Friday, August 3rd.
