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Boston Beer Shipments Decline Again in 2017

Boston Beer Shipments Decline Again in 2017

Boston Beer Company yesterday reported a shipment decline of 6.2 percent in 2017, driven by shrinking sales of its Samuel Adams and Angry Orchard brands. In an earnings report released Wednesday, the country’s sixth largest beer company — which makes Samuel Adams beer, Angry Orchard Hard Cider, Twisted Tea, and Truly Spiked & Sparkling seltzers, among other products — said it shipped about 3.8 million barrels of product in 2017, compared to 4 million barrels shipped in 2016.

Wachusett Brewing Hopes Innovation, Rosé-Flavored Offerings Will Spur Growth in 2018

Wachusett Brewing Hopes Innovation, Rosé-Flavored Offerings Will Spur Growth in 2018

Massachusetts’ Wachusett Brewing has partnered with former Guinness brewmaster Fergal Murray to kick off a new set of collaboration brews that the company has dubbed the “1794 series.” Set to debut on February 23, “The Fergal Project” is a 4.5 percent stout that combines Irish malts with the same American hops used in Wachusett’s “Wally” New England IPA.

Over-Leveraged, Green Flash Looks to Recapitalize

Over-Leveraged, Green Flash Looks to Recapitalize

After taking on a “considerable amount of debt” to build a $20 million secondary production facility in Virginia Beach in 2015, Green Flash Brewing founder and CEO Mike Hinkley is on the hunt for new investment. The San Diego-based craft brewery has retained SSG Capital Advisors — a boutique investment banking firm that specializes in mergers, acquisitions, restructurings and often works with “companies facing complex or challenging situations,” according to its website – to help it bring on a new partner.

Vermont Hard Cider and Pabst to End Partnership

Vermont Hard Cider and Pabst to End Partnership

Irish cider company C&C Group plc., owner of the Vermont Hard Cider Company, today announced that it will end its 2-year-old U.S. marketing and distribution agreement with Pabst Brewing on April 1. In a letter to distributors and retailers, Vermont Hard Cider — whose brands include Woodchuck, Gumption, and Wyder’s, among others — said the two companies mutually agreed to terminate the strategic partnership forged in December 2015.

Here’s How Much Boston Beer Will Pay Its New CEO in 2018

Here’s How Much Boston Beer Will Pay Its New CEO in 2018

Newly Appointed Boston Beer Company CEO Dave Burwick will earn a base salary of $750,000 and take home a hefty $1.6 million signing bonus, according to an SEC filing. Burwick, already a member of Boston Beer’s board of directors since 2005, was announced as the company’s new CEO on Wednesday. He is expected to replace outgoing CEO Martin Roper, who has been with the company for more than 17 years, on April 2, according to the filing.

Last Call: Three Floyds Plans Huge Expansion; Pretty Things Founders Resurface

Last Call: Three Floyds Plans Huge Expansion; Pretty Things Founders Resurface

In this week’s edition of Last Call: Plans for Three Floyds’ brewery expansion are revealed; Pretty Things founders resurface in England; Hanson Spirits acquires Carneros Brewing’s production facility and taproom; Deschutes and Bluejacket announce can packaging releases; and more.

Boston Beer Founder Jim Koch Discusses New CEO Hire

Boston Beer Founder Jim Koch Discusses New CEO Hire

After a yearlong search, Boston Beer Company has named its next CEO. On Wednesday night, the company revealed that Dave Burwick, the CEO of Peet’s Coffee & Tea, Inc., would depart the Bay Area-based specialty coffee maker for the producer of Samuel Adams — a pioneering U.S. craft beer brand that in recent years has struggled to grow as thousands of new offerings have flooded the market.

Molson Coors Sales Surpass $11 Billion in 2017

Molson Coors Sales Surpass $11 Billion in 2017

Despite continued negative domestic volume trends for its flagship light lager brands, Molson Coors’ worldwide sales increased 0.2 percent to more than $11 billion in 2017, according to company earnings released today.

PicoBrew Targets Restaurants, Breweries with New ‘Z Series’ Units

PicoBrew Targets Restaurants, Breweries with New ‘Z Series’ Units

Just four hours into the launch of its new “Z series” automated brewing appliance, Seattle-based PicoBrew has already pre-sold more than $1 million worth of equipment. The company, which was founded in 2010 by former Microsoft executives Bill and Jim Mitchell, today announced the launch of what it is calling the “first professional-grade, all-grain brewing appliance line.”

Stone Brewing Files Lawsuit Against MillerCoors Over ‘Stone’ Trademark

Stone Brewing Files Lawsuit Against MillerCoors Over ‘Stone’ Trademark

Stone Brewing also released a nearly five-minute-long video of Koch, who began promoting the so-called “scrap” in a series of cryptic tweets last week, making his case. In the video, Koch explains that “Big Beer” companies such as MillerCoors, faced with dwindling sales of their core domestic lager brands, embarked on a multi-year spree of craft brewery acquisitions in an attempt to offset declines.