The growth and popularity of craft breweries in Texas in the last decade is nothing short of remarkable. The Texas craft sector produced 45,000 barrels in 2008. Just eight years later, this number had grown to 1.16 million barrels, ranking Texas 7th in production by state, per The Brewers Association’s 2016 analysis. Craft brew’s economic impact in Texas ranked 3rd amongst the states with $4.54 billion in sales and 8th in number of breweries operating at 201 (and probably upwards of 240 breweries today).
Exclude post from the newsletter.
The Brewers Association (BA)—the trade association representing small and independent1 American craft brewers—today released 2016 data on U.S. craft brewing2 growth.
The Arizona Coyotes and SanTan Brewing Company of Chandler, Arizona announced today the debut of its first-ever beer, a new American Pale Ale called Yotes Pale Ale (YPA). The beer will be available on draft at Coyotes games this season at Gila River Arena beginning onWednesday, Nov. 23 when the Coyotes take on the Vancouver Canucks.
Forbidden Root founder Robert Finkel and 5 Rabbit Cervecería founder Andres Araya will discuss the state of innovation in craft brewing and their experiences operating highly-differentiated craft breweries. A second discussion with Donn Bichsel, Revolution Brewing’s director of sales and marketing, will examine current marketplace trends, increasing competition and struggles that mid-size craft regional brewers are facing as they look to scale their brands.
Southern Glazer’s Wine and Spirits, LLC (“Southern Glazer’s”) today announced the completion of the business combination between Southern Wine & Spirits of America, Inc. (“Southern”) and Glazer’s, Inc. (“Glazer’s”), forming Southern Glazer’s. Southern and Glazer’s announced the signing of a definitive agreement to combine their businesses on January 11, 2016.
Constellation Brands is officially entering the craft beer category, and in a big way. The Corona and Modelo maker today announced it would acquire San Diego’s Ballast Point Brewing for a whopping $1 Billion. “The purchase price values the acquisition multiple of the projected calendar 2016 Ballast Point EBITDA in the mid-to-high teens range,” Constellation said in a press statement.
Craft Brew Alliance today announced its first quarter financial results, highlighting depletion volume growth of just 1 percent and a net sales decrease of 5 percent across its core family of brands, including Widmer Brothers, Redhook, Kona and Omission. Total beer shipments decreased 8 percent during the quarter. In a release, CBA attributed the sluggish first quarter results to “higher-than-average” sales during the first quarter of 2014 as it “adjusted” for out-of-stocks that hampered the company toward the end of 2013.
Less than nine months after selling at least a 40 percent stake in Harpoon Brewery, the country’s 15th largest craft beer company, co-founder and former CEO Rich Doyle is back in the game. Backed by an investment from San Francisco-based private equity firm Friedman, Fleisher & Lowe, Doyle has launched Enjoy Beer LLC, a consortium aimed at providing back-office support to independent craft brewers.
Boston, MA (July 10, 2014) — The Harpoon Brewery, brewers of Harpoon IPA and UFO beers, is proud to announce that effective August 1st it will become an employee-owned company. The existing shareholder group transferred 48% of Harpoon’s shares to an Employee Stock Ownership Plan (ESOP). This new structure of employee ownership will ensure the… Read more »