In this week’ edition of Last Call: Lagunitas partners with CannaCraft on a beer and vaping products; Long Trail sues Burton Snowboards; and more.
Executives from the largest beer companies in the U.S. gathered in San Diego this week for the annual Beer Institute (BI) meeting, and a theme of unity emerged as industry leaders attempt to stem continued share losses to wine and spirits.
In this week’s Legislative Update: Delaware increases the state tax on alcohol; North Carolina approves the so-called ‘Brunch Bill’; 48 breweries oppose Clean Water Rule changes; and more.
The Brewers Association this week announced that it would no longer allow large brewing companies and brewery groups to purchase featured sponsorships at the Great American Beer Fest, held annually in Denver, Colorado.
Less than two years after purchasing a 50 percent stake in California and Chicago-based craft beer maker Lagunitas, Heineken International today announced it was coming back for the other half of the fast-growing U.S. craft brewery. Specific financial terms of the deal were not disclosed, however the remaining 50 percent stake could be worth about $500 million, based on a previous valuation of the Lagunitas business.
In this week’s edition of Last Call, Amazon begins delivering beer in Richmond; Stone puts its hotel project on hold again; and 34 percent of California millennials say they’d choose marijuana over beer.
Cambrian Innovation, a commercial provider of distributed wastewater treatment and resource recovery solutions for industrial facilities, today announced that one of the nation’s fastest growing craft breweries, Lagunitas Brewing Company, will be the first to use Cambrian’s novel water-energy purchase agreement (WEPA). Under the WEPA, a first for the industrial wastewater treatment industry, Cambrian will leverage its award-winning EcoVolt product suite to bring Lagunitas onsite wastewater treatment and renewable energy generation as a service. At zero money down, and with Cambrian monetizing all environmental benefits, the WEPA will save the brewery a projected $22.5 million over its lifecycle.
Today, Buffalo Wild Wings, Inc. (NASDAQ: BWLD) announced it will offer fans a brand new craft beer brewed by Lagunitas Brewing Company and designed as the perfect complement to eating wings and watching sports. Fandom Ale is a hoppy pale wheat ale that will be available on tap in all Buffalo Wild Wings locations throughout the United States for a limited time beginning today.
What a week for craft dealmaking. Yesterday, Lagunitas Brewing announced a string of investments into three smaller breweries that are intended to help the country’s sixth largest craft outfit “expand” the way it participates in local markets; Oklahoma’s Krebs Brewing Company has purchased Tulsa-based Prairie Artisan Ales, a small but well-known craft label amongst beer aficionados and another small deal in the Pacific Northwest will see the intellectual property and select brewing assets of Seattle-based Hilliard’s Beer LLC. transferred to the smaller Odin Brewing Company in Tukwila, Wash.
Russian River’s Pliny the Younger Brings $5 Million to Sonoma County; Bloomberg Columnist: Should SAM Sell to STZ?; Ohio Bill Could Raise ABV Limit to 15 Percent; The Chronicles of MegaBrew; Lagunitas Begins Construction on Giant LA Campus
Reyes Beverage Group, via its Premium Distributors outfits in Virginia and Washington D.C., has acquired the distribution rights to a pair of the most prominent craft brands in the country. In two separate announcements, the company said it purchased the rights to Lagunitas Brewing – already one of its top craft suppliers – and Stone Brewing, which is building a second brewing facility in the area.
Magee: “Craft” has outlived its usefulness; Deschutes’ East Coast Announcement Could Come in 2016; California’s Mother Earth Brewing to Expand…in Idaho?; Wrestling Legend Gets His Own IPA
Lagunitas Brewing, one of the fastest-growing craft breweries in the U.S., today announced it would enter into a joint venture with Heineken International, the world’s third largest beer company. Financial terms of the transaction were not disclosed, but sources familiar with craft deals, according to the company’s hometown paper, the Santa Rosa Press Democrat, have said the blockbuster deal could value Lagunitas at $1 billion.
It seems there’s always another rumor of a top-50 craft brewery sale. Today, Lagunitas made a Reuters headline that suggested the country’s fastest-growing craft brewery is currently exploring “strategic options, including the sale of an equity stake.” Citing “people familiar with the matter,” the news outlet said the company is working with Wells Fargo &… Read more »
Year Round Beers
|Born Yesterday Pale Ale||Pale Ale|
|Sucks Holiday Ale||IPA|
|Wilco Tango Foxtrot||Unknown|
|Ruben & The Jets||Unknown|
|Little Sumpin Sumpin Ale||Ale|
|Pale Ale||Pale Ale|
|Imperial Stout||Imperial Stout|
|No records to display.|