Texas’ craft brewers and wholesalers have agreed to a compromise in the years-long debate over to-go beer sales at manufacturing breweries. A “stakeholder agreement” announced Wednesday evening by the Texas Craft Brewers Guild, which represents the state’s nearly 300 craft breweries, and the Beer Alliance of Texas, a powerful wholesaler lobbying group, has the potential to finally legalize off-premise sales at the Lone Star State’s manufacturing breweries.
Citing negative volume trends in the U.S. and Canada, Molson Coors reported a 2.1 percent decline in net sales in 2018, according to yesterday’s full-year earnings report. In 2018, Molson Coors posted nearly $10.8 billion in net sales, down from more than $11 billion in 2017.
Startup hard kombucha producer Juneshine today announced the closing of a seed funding round that has enabled the company to acquire brewing equipment at Ballast Point’s Scripps Ranch facility in San Diego and take over the property.
In the latest Legislative Update: The Brewers of PA hires ex-liquor control chair; Nebraska lawmakers push for the highest excise tax in the nation; a Maryland bill attempts to strip the comptroller of alcohol regulatory powers; and more from the state Legislatures.
In this week’s edition of Last Call: Union efforts begin at Anchor Brewing; Weyerbacher seeks investment; Tree House buys a farm in Connecticut; Pabst rebrands Not Your Father’s; and more industry news.
Colorado’s Stem Ciders is heading east. The Denver-based cider company has acquired Durham, North Carolina-based Black Twig Cider House from owner Matthew Beason.
The founder of Columbus, Ohio-based Actual Brewing has been accused of multiple incidents of sexual misconduct by several former employees and beer industry professionals, according to the Columbus Alive, a weekly entertainment magazine and website operated by GateHouse Media’s Columbus Dispatch.
With tax breaks for alcohol producers set to expire at the end of 2019, the push to make excise tax relief permanent officially started today as the Craft Beverage Modernization and Tax Reform Act (CBMTRA) was reintroduced into the U.S. Senate by Sens. Ron Wyden (D-OR) and Roy Blunt (R-MO).
Virginia may be for lovers, but it won’t be a place where drinkers can purchase Bell’s beer for much longer. Bell’s Brewery founder Larry Bell notified the company’s seven Virginia wholesalers on Friday that the Michigan craft brewery would cease shipments to the state after filling final orders.
Sierra Nevada Brewing Company, ranked by industry trade group the Brewers Association as the third largest U.S. craft brewery, today announced the purchase of San Francisco-based Sufferfest Beer Company. Financial terms of the deal were not disclosed, and the transaction is expected to close in early April.
ZX Ventures, Anheuser-Busch InBev’s venture capital arm, has acquired the remaining portion of beer ratings website RateBeer.com that it did not already own. Financial terms of the deal were not announced, but a spokesperson for ZX Ventures said the transaction had closed.
Green Flash Brewing Company chief executive Michael Taylor is “bullish” on the San Diego craft brewery’s prospects for a turnaround in 2019. In a conversation with Brewbound, Taylor — a former Anheuser-Busch executive who was hired as CEO last June — said he’s projecting 20 percent growth for a Green Flash business that ran into significant financial turmoil around this time last year.
Sunday’s Super Bowl matchup between the New England Patriots and Los Angeles Rams will mark Anheuser-Busch InBev’s biggest ever bet made on the big game.
Nine months after urging retailers to adopt its independence seal, the Brewers Association (BA) today launched an extension of that campaign, encouraging state guilds, beer festivals, homebrew shops and other craft beer supporters to adopt a modified version of its original badge.