News

Modern Times CEO Jennifer Briggs spoke to Brewbound Tuesday, with an update on the impending sale of the San Diego-based brewery.

Following the Brewers Association’s (BA) annual Craft Brewers Conference, general counsel Marc Sorini and federal affairs director Katie Marisic join the Brewbound Podcast to discuss the trade group’s legislative agenda and what’s on the regulatory horizon for the craft beer industry.

Kihei, Hawaii-based Maui Brewing Company has placed a “stalking horse” bid to acquire San Diego, California-based Modern Times Beer, which has been accepted by a court-appointed receiver.

As the on-premise began to reanimate after a year of pandemic-driven closures and restrictions, 28 of the top 50 Brewers Association-defined (BA) craft breweries posted volume increases in 2021, according to data published today in the May/June edition of the trade group’s New Brewer magazine. Last year, the BA reported craft beer’s volume declined -9% in 2020 – the first time the trade group that represents the nation’s small and independent breweries recorded a volume loss in the industry’s modern era – and a majority (36) of the top 50 saw their output decline compared to 2019.

Large regional breweries that fall outside of the BA’s definition of a craft brewer collectively produced more than 8.64 million barrels of beer in 2021, a +2% increase on a comparable basis, according to data provided by the trade organization. The BA excludes companies that are at least 25% owned by a larger brewing company from its craft brewery data set and sets a production ceiling for BA-defined craft brewers at 6 million barrels.