Texas-based contract brewery Guns & Oil Beer has reached an agreement to take over the former Payette Brewing Co. production facility located about two miles outside of Boise, in Garden City, Idaho. In a conversation with Brewbound, Guns & Oil founder Cary Prewitt said he’s taken out bank loans to finance the $1 million project, including acquiring Payette’s 15-barrel brewhouse. He added that he’s signed a five-year lease on the 11,000 sq. ft. property.
In this week’s edition of Last Call, Bear Republic raises funds for wildfire victims; New York’s MTA bans booze ads; Boulevard announces the release of its first cider; Black Star Line finds a home; and more.
Another Colorado brewery has been sold. Broken Compass Brewing Company has agreed to buy the assets of Backcountry Brewery in Frisco.
Molson Coors’ today reported a worldwide net dollar sales decline of 2.1 percent in the third quarter, highlighted by the company’s continued struggle to regain market share in a crowded U.S. marketplace.
As a stopgap until it can identify a more permanent solution for capacity constraints, Massachusetts’ Night Shift Brewing will begin augmenting its production via a contract brewing agreement with Smuttynose Brewing Company in New Hampshire.
Company officials at Briess Malt & Ingredients Co. have announced that a $17 million expansion of its barley processing and malting facility in Manitowoc, WI, is scheduled to start immediately.
After a seven-month search for a new vice president of sales, Salt Lake City’s Uinta Brewing has hired Brian Curran to lead its sales team. Curran supplants Steve Kuftinec, who spent 18 years with the Utah craft brewery but departed in June to launch a craft distillery in the San Diego area.
Mass Bay Brewing Company, maker of the Harpoon and UFO brands, today announced the purchase of Massachusetts-based contract brand Clown Shoes. Specific financial terms of the deal were not disclosed, however Mass Bay Brewing co-founder and CEO Dan Kenary told Brewbound that his company had acquired 100 percent of Clown Shoes’ assets.
After two years of dabbling in the “hazy IPA” space with its Rebel Raw offering, Boston Beer Company is finally making a nationwide bet on a growing trend that started in its own backyard.
In this week’s edition of Last Call, Russian River raises $200,000 for wildfire relief; Amazon announces the end of its wine program; Diageo opens a temporary Guinness taproom in Maryland; and more.
Net revenues for Boston Beer — which makes Samuel Adams beer, Angry Orchard Hard Cider, Twisted Tea, and Truly Spiked & Sparkling seltzers, among other products — declined to $247 million, which the company attributed to a 4 percent decline in shipments during the quarter ending September 30.
For the third consecutive year, the economic impact of the Oregon Brewers Festival (OBF) has declined, leading festival organizers to say that changes are coming in 2018. The 2017 edition of the five-day Portland, Oregon beer festival, one of the oldest and most well-attended in the U.S., generated an estimated $23.9 million in economic impact, an 18 percent decline from the previous year.
The North Carolina Craft Brewers Guild has hired Andrew Lemley as the organization’s new executive director. Lemley comes to the Guild from New Belgium Brewing Company, where he most recently served for the last four years as the Fort Collins-headquartered brewery’s government affairs representative.
Citing “regulatory and legislative issues” in its home state of Maryland, Flying Dog has halted plans to build a $54 million destination brewery, despite investing more than $2.5 million to purchase land late last year.