Recently reborn as an “aggressively laid-back” beer company, Stony Creek Brewery is living up to the tagline by quietly scaling production to more than 10,000 barrels during its first 12 months since taking up residence in a newly constructed Branford, Conn. brewing facility. Originally formed in 2010 by Manny Rodriguez and Peggy Crowley, the wife of former Dichello Distributors co-owner Ed Crowley, Stony Creek first launched as a contract-produced craft brand focused on beers named after regional area codes.
SABMiller, the world’s second-largest beer company, this morning rejected a third takeover bid, worth $104 billion, from the larger Anheuser-Busch InBev saying that the offer “substantially undervalues” the company. After a meeting, SABMiller’s 16-member board, excluding three directors nominated by U.S. tobacco company Altria Group Inc., its largest shareholder, formally considered and rejected A-B InBev’s third proposal of 42.15 pounds per share in cash (USD $64.49)
Hopheads rejoice: Alpine Beer Company’s acclaimed double IPA, Pure Hoppiness, is getting ready to make its national debut next month. It’s the first significant move for an Alpine brand that last November was acquired by Green Flash.
After aggressively adding more than 350 craft beer clients in 18 months, Crown Beverage Packaging — a leading supplier of aluminum cans for beverage manufacturers — is now struggling to keep up with demand from the very customers it sought, and is considering altering the ways it services craft customers. Over the last week, Crown began informing a number of craft breweries that it would no longer be able to fill orders of printed aluminum cans, Brewbound has learned.
It’s official. New Belgium Brewing will finally open the doors to its Asheville, N.C. brewing facility next February. Brewing in Asheville will commence “later this fall,” and tours of the facility will begin in March, the company said on its website. The opening of a second production brewery also coincides with the company’s 25th anniversary, a celebration for which is scheduled on August 27.
After officially announcing its intent to takeover London-based SABMiller earlier this month, Anheuser-Busch InBev has been working to secure financing for the proposed merger of the world’s two largest beer companies. An offer could come as early as this week, reports The Sunday Times.
Dogfish Head, the country’s 13th largest craft brewery, today announced it has sold a 15 percent stake to LNK Partners, a New York-based private equity firm that has previously invested in companies like Niman Ranch, Performance Bicycle, Beachbody and Au Bon Pain, among others. LNK will obtain one seat on Dogfish Head’s board of directors, which currently has five voting members, as well as informal advisors.
Craft Brew Alliance (CBA) is in the process of purchasing a minority stake in Nantucket, Mass.-based Cisco Brewers, CEO Andy Thomas told Brewbound on Monday. The two parties are still negotiating specific terms, but Thomas said a deal would be for less than 25 percent of the company, enabling Cisco to maintain its status as a Brewers Association-defined craft brewer.
Day 2 of our Great American Beer Festival Coverage is already underway and, after a late night at the fest, Brewbound was up early on Friday morning to stop by Boston Beer Company’s annual beer & brunch event. Check back frequently for more small-batch news updates from the GABF media luncheon and session two of the fest, happening from 5:30 P.M. — 10:00 P.M. (MST).
The 2015 Great American Beer Festival is here and Brewbound will be walking the show floor, providing live updates from some of America’s most notable beer companies. Check back often for small-batch news updates on new product rollouts, upcoming distribution expansions and any other newsworthy bits brewery owners share with us.
Fresh off an injection of capital from private equity firm Fireman Capital, Oskar Blues today announced it will build a third production brewery and taproom in Austin, Texas. The Colorado-headquartered brewery, which also operates a secondary production facility in Brevard, North Carolina, plans to open the new outpost by April 20, 2016 (4-20…get it?)
Anheuser-Busch InBev today announced it would acquire Los Angeles-based Golden Road Brewing. Terms of the transaction were not disclosed and the deal is expected to close before the end of the year. Golden Road launched in 2011 and expects to sell 45,000 barrels of beer this year. It is the largest craft brewery in Los Angeles.
Portland, Oregon-based Breakside Brewery today announced the hiring of Ray Veillet as the company’s first ever chief operating officer. Prior to joining Breakside, Veillet served as the vice president of operations at Siteworks Design Build, the same architecture firm that helped to design Breakside’s Milwaukie production facility. At Siteworks, Veillet oversaw general operations including accounting,… Read more »
New Holland Announces Distribution in Maryland; Bell’s Taps Tennessee; Alaskan Brewing Realigns in Southern California and SweetWater Changes Hands in Alabama.
