For the third consecutive year, Pennsylvania produced more craft beer than any other state in the nation, Brewers Association chief economist Bart Watson shared during the Brewers of Pennsylvania’s annual Meeting of the Malts gathering in Hershey, Pennsylvania.
Boston Beer Company’s first-quarter shipments increased 32.5 percent, to a record 1.1 million barrels, in an effort to supply its wholesalers with about six weeks of Truly Hard Seltzer ahead of the summer selling season.
Craft Brew Alliance (CBA) has agreed to settle a years-long class action lawsuit over alleged “false and deceptive advertising” of its Kona Brewing beer brand. In an SEC filing, the publicly traded Portland, Oregon-based craft beer company said it expects to incur costs of about $4.7 million to settle the dispute, which surfaced in early 2017.
In episode 33 of the Brewbound Podcast, we rebroadcast this month’s Brew Talks conversation on diversity and inclusion with Jackson-Beckham; Founders Brewing diversity and inclusion director Graci Harkema; and Bow & Arrow Brewing founder Shyla Sheppard.
More than 300 beer industry professionals gathered at Cervantes’ Masterpiece in Denver, Colorado, earlier this month to partake in conversations around the emerging health and wellness segment within beer, as well as the importance of becoming a more diverse and inclusive industry. Videos of the evening’s two panel discussions are now available for playback on the Brewbound YouTube channel.
Two quarter-century-old beer companies are merging in an effort to remain competitive amid increasing pressure from small and large players alike. Mammoth Lakes, California-based Mammoth Brewing Company has reached an asset purchase agreement with Reno, Nevada-based Great Basin Brewing Company.
After operating for nearly a year without a CEO, the Canarchy Craft Brewery Collective has appointed long-time beer executive Tony Short to its top leadership post. The Fireman Capital-backed brewery consortium — whose brands include Oskar Blues, Cigar City, Deep Ellum, Perrin Brewing, Three Weavers, and Utah Brewers Cooperative (Wasatch and Squatters) — had been without a chief executive since last May, when David Pillsbury exited the company after about six months on the job. At the time, Canarchy promoted chief operating officer Matt Fraser to the role of president.
Former Anheuser-Busch InBev chief marketing officer Miguel Patricio has been tapped to lead The Kraft Heinz Company as its next CEO. Patricio, who will supplant outgoing Kraft Heinz CEO Bernardo Hees on July 1, 2019, spent about two decades with A-B InBev.
Weyerbacher Brewing Company today announced the sale of a majority stake in the company to 1518 Holdings LLC, a Philadelphia-based private investment group. Speaking to Brewbound, newly named president Josh Lampe, who previously served as chief operating officer and has supplanted brewery founder Dan Weirback as the company’s leader, said 1518 Holdings had acquired a 55 percent stake in the 24-year-old business.
Canadian cannabis company Canopy is positioning itself to be a prime mover in the U.S. legal marijuana market, last week announcing an agreement to acquire Acreage Holdings in a deal valued at $3.4 billion.
In this week’s Last Call: Boston Beer CEO’s 2018 compensation hits $20 Million; New Belgium opens remodeled pub at Denver airport; 7-Eleven tests upscale store; Amazon seeks alcohol policy manager; New York State Liquor Authority fines Shmaltz; and more industry news.
Cerveceria Calidad, a recently launched Mexican-style lager brand, has secured $2.5 million in seed funding from more than 20 investors, including American-Mexican Major League Baseball player Adrian González. Other notable investors include Nathaniel Ru, Nicolas Jammet and Jonathan Neman, the founders of Sweetgreen, and MeUndies founder and CEO Jonathan Shokrian.
San Diego’s Modern Times has turned to crowdfunding in an effort to raise more than $1 million, which it says will be allocated for the continued operation of its business, “minor efficiency projects” and equipment purchases, and continued expansion. In the process of posting the equity crowd raise via the Wefunder platform, the company has provided future investors and others throughout the beer industry with a peek under the hood of one of the fastest-growing craft breweries in the U.S.
Washington’s craft brewing industry contributed $1.4 billion to the state’s economy in 2017, according to an economic impact report released Tuesday by the Washington Beer Commission. The study, conducted by Seattle-based research firm Community Attributes Inc, found that the state’s 382 breweries produced 582,400 barrels, generated $581.4 million in revenue and employed 6,300 workers in 2017.
