Trade groups across beer and spirits continue to fight over whether spirits-based, ready-to-drink canned cocktails (RTDs) should be taxed at the same as malt-based alternatives. The argument came to a head this month when Public Sector Consultants (PSC), a Lansing, Michigan-based public policy consulting firm, released a study claiming decreased excise tax rates for spirits-based RTDs have cost consumers more on shelf.
The deals came in a rush this week. It started Monday, as Canadian cannabis firm Tilray acquired Montauk Brewing Company in New York, adding another contract brewed brand to its growing beer portfolio of Atlanta’s SweetWater Brewing and San Diego-founded Green Flash and Alpine Beer Co.
The Consumer Price Index (CPI) for beer away from home increased +7% in October 2022 compared to October 2021, the largest price increase ever recorded for the category, according to the Bureau of Labor Statistics (BLS).
Members of the California Family Beer Distributors (CFBD) gathered for the first time last week in Palm Desert, California, to discuss goals and highlight their differences from the Reyes Beer Division. “The members in this room are independent family-owned beer distributors,” CFBD executive director Kevin Luckey said in his opening address.
Alpine, Wyoming-based Melvin Brewing didn’t have to look far to find a buyer. Brewbound has learned that Jackson, Wyoming-based Roadhouse Brewing has signed a purchase agreement to acquire Melvin and its operations.
Canadian cannabis firm Tilray’s acquisition of New York’s Montauk Brewing Company brings together a lifestyle-minded acquirer and a craft brand with a vibe. “We really saw ourselves as more than just craft beer,” Montauk general manager Terry Hopper told Brewbound.
Keurig Dr Pepper (KDP) has taken a minority stake in non-alcoholic beer maker Athletic Brewing Company, following a $50 million investment in the brand. Athletic co-founder Bill Shufelt shares why KDP was the right partner, what the investment will go toward, and how the company is pacing toward the end of 2022.
Non-alcoholic beer maker Athletic Brewing Company has received a $50 million investment from Keurig Dr Pepper (KDP) that will make the publicly-traded CPG giant a minority equity stakeholder in the business.
Backed by an experienced team of beverage operators, Massachusetts-based startup HighTide is aiming to capture a very specific title: the country’s number one cannabis-infused, non-alcoholic, ready-to-drink margarita brand.
Regenerative food companies are using a mix of environmental messaging and economic incentives to convince brewers and grain processors to adopt upcycling technology as a means of repurposing spent grain into human food production.
Don’t discount alcohol and make sure you have an attorney. That was the core advice from legal experts during the Massachusetts Brewers Guild’s (MBG) Mass Brewers Conference Monday.
Provi claims to be the largest online marketplace, growing from one buyer in its early years to 10% of on-premise buyers in the U.S. They have 1,500 distributor customers with 15,000 distributor sales reps using the technology each month.
