Craft beer industry news.
After four years of discussions with Sixpoint Brewery founder Shane Welch, Artisanal Brewing Ventures (ABV) finally completed a deal to purchase 100 percent of his Brooklyn-based craft brewery this week. Even though ABV had been courting Sixpoint for several years, it wasn’t until this summer when negotiations really began to heat up, John Coleman, CEO of ABV, told Brewbound.
Twin Leaf Brewery will release their Rosemary IPA, an 6.4% ABV IPA brewed with locally-sourced rosemary and a myriad of citrus and herbal hops.
Introducing Uncle Billy’s Twin Porters, two new American Porters made with Cold Brew Coffee.
Pelican Brewing Company celebrates the fall crush with the release of its first-ever beer made with fresh harvested Gewürztraminer grapes—welcome The Grapes of Mash Beer-jolais Nouveau.
Temperance Beer Co. had no intention of selling its beers outside its home market of Greater Chicago. But when Cincinnati’s own Michael Amann, Adena Distributing’s co-founder, approached Temperance’s founder Josh Gilbert, Gilbert started re-thinking that strategy.
Baltimore-based brewery, Heavy Seas Beer, announces the next phase of development since launching its small-batch beer project in July 2018. In 2019, the brewery will continue to focus on innovation with releases including a Hazy IPA twist on its flagship Loose Cannon, a Brut IPA, and a Barrel Aged Sour.
The continued acceleration of Kona beer sales during the third quarter couldn’t offset company-wide shipment and depletion declines of other Craft Brew Alliance (CBA) offerings, the Portland, Oregon-headquartered company reported today. In Q3, Kona depletions increased 9 percent as the brand grew in both off- and on-premise channels. The depletion growth followed increases of 7 percent and 3 percent in the second and first quarters of the year, respectively.
Yet another small brewery has found itself in financial trouble. The parent company of Boulder, Colorado-based Fate Brewing Company, Fate Restaurants LLC, has filed for Chapter 11 Bankruptcy protection. According to the November 1 filing, Fate owes more than 50 creditors between $1 million and $10 million. The company also claims between $1 million and $10 million in estimated assets.
In episode nine of the Brewbound Podcast, Victory Brewing co-founder Bill Covaleski discusses Artisanal Brewing Venture’s appetite for M&A, and shares his thoughts on how craft breweries can reach a broader base of beer consumers as well as opportunities he sees ahead for the Victory brand.
HenHouse is redoubling our investment in Petaluma, Santa Rosa, Sonoma County and the Bay Area with a $4.5 million dollar expansion!
Bolt Brewery Company, a pioneering craft brewery known for its all-encompassing obsession with craft beer, announced today its newest addition to its roaster of India Pale Ales: Tropic Thunder IPA.
Craft Beer Cellar Cary, offering amazing beer, hospitality, and education, will be celebrating its Grand Opening on Saturday, November 10th at 11am at 1103 Ballena Circle. Cary will be the second CBC location open and operating in North Carolina, joining Hickory which opened in March of 2016 and the first in the state’s Triangle area, which has developed an incredible beer scene.
Artisanal Brewing Ventures, the family office-backed holding company formed in early 2016 via the merger of Victory Brewing and Southern Tier Brewing, today announced the acquisition of New York-based Sixpoint Brewery. Specific financial terms of the transaction were not disclosed.
After the final undefeated pro football team of the 2018 season lost this past weekend, Funky Buddha is proud to announce the release of its annual salute greatness, Undefeated Saison.
