In a move that will expand its U.S. distribution footprint to 29 states, Brooklyn Brewery announced Monday that it would begin selling beer in Colorado next month. The New York-based craft brewery, which also sells its products in 30 countries, is partnering with Elite Brands on the Front Range and High Country Beverage in Northern Colorado and the Western Slope. It plans to sell flagship Brooklyn Lager, as well as Bel Air Sour, Defender IPA, seasonal offerings, and draft-only releases.
Following a bankruptcy auction held last Friday, Pennsylvania’s Helltown Brewery has emerged as the highest bidder for a majority of the assets of Pittsburgh’s Rivertowne Brewing. After filing for bankruptcy in May, Rivertowne was put up for auction earlier this month with bids starting at $1.35 million. Helltown placed the winning bid of $2.1 million for Rivertowne’s Export, Pennsylvania-based brewery and land, as well as assets at its Verona and Monroeville brewpubs. The company, which acquired the Rivertowne brand through the auction and plans on continuing to brew some of its labels, is still awaiting final approval from a judge overseeing the case.
Remarkable Liquids, a craft beer-focused wholesaler based in Albany, New York, has expanded beyond its borders. The company last week announced that it had launched statewide distribution of 15 brands in neighboring New Jersey. Interest from Remarkable’s existing suppliers, as well as Garden State retailers, pushed the distributor to expand its service area outside of its home state, according to partner Matt Hartman.
William “Bill” Coors, the former chairman of the Adolph Coors Company, died Saturday at the age of 102. Coors, the grandson of Adolph Coors and heir to the family brewing business, died at his home, according to a statement released by Molson Coors. “Our company stands on the shoulders of giants like Bill Coors,” Molson Coors president and CEO Mark Hunter said in statement.
Wormtown Brewery CFO Kary Shumway breaks down the viability of taproom-focused brewery business models while explaining the financial and marketplace factors that can impact profitability.
In this week’s edition of Last Call: A study finds the economic impact of San Diego brewers exceeds $1 billion; the Brewers Association analyzes GABF winners; a price-fixing probe in India snares A-B InBev, Carlsberg and United Breweries; and more news from the week.
In episode five of the Brewbound Podcast, editors Chris Furnari and Justin Kendall sit down with Weaver to discuss her partnership with Canarchy, opportunities to grow craft beer sales in Los Angeles, and why Three Weavers initially chose to build its brand on-premise as a draft-only brewery.
Reyes Beverage Group has struck a deal in Virginia that will make it the Mid-Atlantic region’s largest beer wholesaler. Premium Distributors of Virginia, a Reyes subsidiary, has reached an agreement to acquire the assets of Richmond-based Loveland Distributing Company, Reyes announced in a press release.
Craft Brew Alliance’s nearly four-year-long strategy of partnering with smaller brands has officially culminated with three separate purchase agreements that, combined, will cost the company less than $45 million. CBA, a publicly traded craft brewery group headquartered in Portland, Ore., today announced that it would wholly acquire Massachusetts’ Cisco Brewers, North Carolina’s Appalachian Mountain Brewery and Miami’s Wynwood Brewing.
Nearly 30 months after first announcing plans to build a new production facility in Sonoma County, Russian River Brewing Company will open its nearly $50 million, 85,000 sq. ft. brewery, taproom and restaurant on Thursday, October 11.
In the latest edition of People Moves: Anchor appoints a new VP of sales; Constellation Brands promotes from within; Fair State Brewing nabs an ex-Surly brewer; MillerCoors selects new VP of the Coors brand family; and the NBWA hires a new VP of communications.
Buffalo Wild Wings’ presence at the 2018 Great American Beer Festival was merely an appetizer. The chicken wing restaurant, one of the largest chains in the U.S., will be regular menu item at numerous Brewers Association (BA) events over the next two years, including the 2019 GABF, the Craft Brewers Conference (CBC) and Homebrew Con. Its presence at additional BA events is part of a three-year sponsorship agreement with the trade group, Buffalo Wild Wings beverage innovation manager Jason Murphy told Brewbound.
Massachusetts-based brew-it-yourself bar and restaurant Hopsters has once again turned to equity crowdfunding in an effort to help finance a planned $4 million expansion into Philadelphia. One year after securing $1.3 million from 713 investors via Wefunder, which enabled the company to open its Boston Seaport location, Hopsters is again looking to raise more than $1 million from unaccredited investors.
In this week’s Last Call: Founders Brewing is sued for alleged racial discrimination; the New Jersey ABC suspends its taproom ruling; the Beer Institute expresses disappointment in continued aluminum tariffs; and more news.
