Another day, another deal. One day after New Belgium announced a proposed sale to Kirin-owned Lion Little World Beverages, rollup play Artisanal Brewing Ventures (ABV) revealed an agreement to expand its portfolio beyond beer with the planned acquisition of Bold Rock Hard Cider in Nellysford, Virginia.
Another member of the old guard of craft brewing sold today when Kirin-owned Lion Little World Beverages announced a “definitive agreement” to acquire 100% of New Belgium Brewing Company in an all cash transaction.
Long-time beer executive Steve Almaraz has joined Figueroa Mountain Brewing as its new president and partner, leaving a five-year stint managing the craft beer category at the Reyes Beer Division.
Molson Coors announced today it has taken a minority ownership stake in California-based beverage incubator L.A. Libations, a move that gives the beer conglomerate access to a broad portfolio of brands as it moves to expand its play in non-alcoholic categories. Terms of the deal were not disclosed.
BrewDog launches a third funding round in the U.S. HUB offers mug club memberships to drinkers of closed Portland breweries. Santa Rosa’s Shady Oak Barrel House faces backlash for beer name.
In Episode 5 of the Brewbound Podcast’s second season, Brewers Association president and CEO Bob Pease gives a snapshot of the craft brewing industry in 2019. Also, Beer Paws founder Crystal K. Wiebe shares how the ebbs and flows of the industry affects a small, beer-adjacent business.
In what was promised as not “a routine earnings call,” Craft Brew Alliance CEO Andy Thomas expressed enthusiasm for his company’s proposed sale to Anheuser-Busch InBev, which already owns 31.2% of the company.
A day after announcing Anheuser-Busch will acquire the remaining stake in Craft Brew Alliance (CBA), the Portland, Oregon-headquartered craft beer company reported modest depletions growth in its third-quarter earnings report, boosted by sales of its Kona Brewing brand. Portfolio-wide CBA depletions (sales-to-retailers) increased 2%, driven by Kona Brewing’s depletions growth of 7%. “CBA’s third quarter… Read more »
A number of members of Anheuser-Busch InBev’s corporate affairs team have left the company since early 2019. Cider strategist Caitlin Braam parts ways with Angry Orchard. Beverage operations manager Jonny Stringer departs CraftWorks.
Over the last eight weeks, Anheuser-Busch InBev and Craft Brew Alliance (CBA) have been working together to finally complete a merger of the long linked together beer companies. The culmination of that work came Monday with the announcement that A-B, which owns 31.2% of CBA, would acquire the remaining stake in the publicly traded Portland, Oregon-headquartered craft brewing company.
Anheuser-Busch InBev and Craft Brew Alliance (CBA) announced today that the world’s largest beer company will acquire the remaining 68.8% of CBA that it did not own for $16.50 per share in cash.
Anheuser-Busch InBev-owned 10 Barrel Brewing’s 3-year-old Bend, Oregon-based headquarters is listed for sale for $19.7 million on a commercial real estate website. According to the listing and an accompanying video on the Compass Commercial website, 10 Barrel will remain as a tenant in the space for seven and a half years.
Pabst Brewing Company today announced a long-term agreement to brew the majority of its production volume at City Brewing Company by December 2024. The Los Angeles-headquartered beer company’s agreement with City Brewing lasts until 2040. News of the new contract agreement comes one year after Pabst Brewing settled a lawsuit against MillerCoors over contract production of its brands.
Openings & Closings: Green Flash’s Nebraska brewpub is closed; Fort Point plans to renovate and rebrand its Black Sands pub; Ska Brewing and Peach Street Distillers to take over the former Fate Brewing space; and more closures in Portland, Oregon.
