In an effort to reignite its 2012 fight with “big beer,” the Brewers Association — a national trade group representing the interests of America’s small and independent brewers – today unveiled a faux crowdfunding campaign that aims to “buy” the world’s largest beer company, Anheuser-Busch InBev, for $213 billion. The crowdfunding campaign, as well as the $10, $50, $100 and $1,000 pledges aren’t real, but the intent of the media offensive is.
Two Roads Brewing broke ground today on a $12 million expansion project, dubbed “Area Two Experimental Brewing,” which will enable the Connecticut-based craft brewery to expand production of its sour and barrel-aged offerings. First announced last November, the new 25,000 sq. ft. brewery, which is situated on 2.5 acres of land adjacent to its existing Stratford production facility, will feature a 50-barrel brewhouse, foeders, a coolship and space for 1,500 wooden barrels.
In this week’s distribution roundup: Lord Hobo adds New Jersey and Pennsylvania; Two Brothers expands to Tennessee; Ska Brewing hits Iowa and Surly launches in Colorado. Additionally, Moody Tongue expands to Wisconsin and Alesmith Brewing lands in Georgia.
Fueled by $35 million in venture funding from Sequoia Capital, one of Silicon Valley’s most iconic VC firms, India’s Bira 91 is on pace to produce an astonishing 300,000 barrels in just its third full year on the market. Launched in February 2015, Bira 91 has amassed a cadre of millennial consumers throughout India who don’t identify with major brands such as Kingfisher, Budweiser, Heineken and Carlsberg, according to founder Ankur Jain.
Each year, during the Great American Beer Festival in Denver, Colo., Boston Beer Company invites members of the media to be among the first to taste its new focus items. The latest? A 4.7 percent ABV lager, called Sam ’76, that is brewed with craft’s most en vogue hops — cascade, citra, mosaic, simcoe and galaxy – and fermented with both lager and ale yeast strains.
Former New Belgium Brewing CEO Christine Perich, who had been leading World Waters, maker of the high pressure processed juice brand WTRMLN WTR, has stepped down from her role as CEO of the non-alcoholic beverage company due to personal health reasons. News of her departure was first reported on Wednesday by Brewbound’s sister publication BevNET.
10-Year old Mission Brewery is on the hunt for capital, and, in an effort to stay in business for another 24 months, the company has turned to the everyday craft beer drinker for help.
In an effort to help wholesalers, retailers and consumers better understand the differences between a growing number of hard ciders now being sold across the country, the United States Association of Cider Makers (USACM) today unveiled its first-ever set of style guidelines.
The executive shuffle at Pabst Brewing Company continued on Thursday, as the company announced the appointment of a new chief marketing officer to oversee its entire portfolio of heritage, craft, import, cider and flavored malt beverage brands. Matt Bruhn, who most recently served as the CMO for GWA Group Limited, an Australian supplier of building fixtures and fittings, will formally take over as the CMO of Pabst on October 2, according to a press release.
Boston-based alcohol e-commerce company Drizly has added Bill Simon, the former CEO of Walmart’s U.S. business, to its board of directors. In a press release, Drizly said Simon’s time spent leading Walmart’s U.S. operations, as well as a stint with Diageo Plc, where he helped develop Smirnoff Ice, would aid the company as it looks to grow within an off-premise alcohol retail industry worth approximately $130 billion.
In just four years, the economic impact of small and independent U.S. craft brewers has doubled, according to an updated report issued by industry trade group the Brewers Association on Tuesday. The study, which was based on two national surveys as well as other government and market data, found that the U.S. craft brewing industry, as defined by the BA, contributed $67.8 billion to the U.S. economy in 2016.
Anheuser-Busch InBev, via its High End craft and import division, has acquired the remainder of Michigan’s Virtue Cider, the company announced today. Greg Hall, the former brewmaster at Goose Island, which is also owned by A-B InBev, launched Virtue Cider with partner Stephen Schmakel and 31 investors in 2011 after his father, John Hall, sold Goose Island to the world’s largest beer company for $38.8 million.
In addition to the $2 billion it will spend on capital expenditure projects in the U.S. over the next four years, Anheuser-Busch InBev, via its Labatt Breweries subsidiary, plans to spend $460 million to improve operations at its six Canadian breweries. Following the investments, which are slated to conclude in 2020, Labatt Breweries will have spent more than $1 billion over a nine-year period, the company said in a press release.
A new distribution company with ties to a small Virginia craft brewery is set to launch in the Southwestern part of the state. Saint X LLC — which aims to provide an alternative route to market for small craft brewers — has set up shop in a 10,000 sq. ft. warehouse located near recently launched Beale’s Brewery in Bedford, Va.