Molson Coors Acquires Cruz Blanca in Chicago
Molson Coors has acquired Cruz Blanca, the Chicago-based, Mexican-inspired beer brand, Brewbound has confirmed.
Molson Coors has acquired Cruz Blanca, the Chicago-based, Mexican-inspired beer brand, Brewbound has confirmed.
President-elect Donald Trump promised to impose 25% tariffs on all imported goods from Mexico and Canada and an additional 10% tariff on products from China beginning January 20, his first day in office.
The Brewers Association (BA) has restructured its leadership team and eliminated six positions, the trade organization representing small and independent craft breweries announced Thursday afternoon.
Boston Beer Company will increase investment across its entire portfolio in 2025, the company shared with its distributor partners in nearly 30 in-person meetings held across the country over the last two months. The investment will be made in both traditional and digital media, in addition to “new dynamic partnerships.”
Alison Payne will take over as Heineken USA’s (HUSA) chief marketing officer, effective January 2025.
Monster Beverage Company reported that it has “restructured” the senior management of its alcohol brands division, following the appointment of Ray LaRue as president, the company shared within its Q3 2024 financial results. Nevertheless, the company said it remains “positive for the prospects of alcohol products within our broader portfolio.”
Lord Hobo Brewing and Lone Pine Brewing announced plans to merge today, bringing together a pair of New England craft breweries under a single ownership structure. The companies declined to share financial terms of the transaction, which is expected to close in Q4, pending regulatory approval.
Molson Coors will cease operations at the Leinenkugel’s Chippewa Falls brewery and the company’s Tenth Street Brewery in Milwaukee, effective January 17.
Coralville, Iowa-based Backpocket Brewing has acquired the Peace Tree Brewing brand and recipes. Peace Tree was founded by Megan McKay 15 years ago in Knoxville, Iowa, making it Iowa’s first 100% woman-owned brewery. McKay had sought a buyer for the brewery since last year, and the company ceased operations this summer.
Revolution Brewing will permanently close its brewpub in Chicago’s Logan Square neighborhood on December 14, the brewery announced on Saturday.
Ball Corporation president and CEO Daniel Fisher expressed confidence in the world’s largest can manufacturer’s ability to win with beer and beverage-alcohol companies, during the company’s Q3 2024 earnings call Thursday.
Maui Brewing co-founder and CEO Garrett Marrero believes he’s found the people to lead the Modern Times Beer brand into its next chapter.
Craft ‘Ohana announced a pair of “strategic partnerships” for the future of the Modern Times Beer brand and hospitality business that will see the Hawaii-headquartered company step back from the daily operations to “focus and double down” on growing Maui Brewing.
Non-alcoholic (NA) beer brand Best Day Brewing has added another $12.5 million in investment as part of a Series B round, bringing its total fundraising to $22.5 million this year.