Seven months after putting its Woodinville, Washington, brewery up for sale, Craft Brew Alliance (CBA) today announced that it has reached an agreement to sell the facility to Sound Commercial Investment Holdings LLC for $24.5 million.
After contract producing a line of beer for the last year, Ohio’s Rivals Brewing Company has reached an agreement to take over the current Fat Head’s Brewery space in Middleburg Heights. Last week, Nick Lowe, the owner of Rivals Sports Grille, a decade-old Middleburg Heights sports bar and restaurant, announced that he had signed a five-year lease on the 35,000 sq. ft. turnkey brewery where Fat Head’s has operated since 2012.
The United States Senate passed a sweeping tax reform bill early Saturday morning that includes a number of changes to the tax code and benefits alcohol producers. With a vote of 51-49 today, the Senate passed H.R. 1, the “Tax Cuts and Jobs Act,” which is the largest tax overhaul in 31 years and includes the Craft Beverage Modernization and Tax Reform Act (CBMTRA).
Mark Young wants to help bar owners sell more beer. Who is Mark Young? He’s the founder and CEO of Beerboard, a beer management platform that enables breweries, restaurants, and bars to make real-time marketing decisions about their beer selection. Young recently visited the Brewbound headquarters in Watertown, Massachusetts, to share his company’s story with the BevNET Taste Radio podcast.
In this week’s edition of Last Call: A-B InBev acquires another Australian craft brewery; excise tax cuts inch closer to passage in the U.S. Senate; A-B defends pay-to-play allegations in Massachusetts; and much more.
The beer category’s high end segment could add about a 500 million more cases in the next decade, Constellation Brands chief marketing officer Jim Sabia said during Wednesday’s Brewbound Session.
Chula Vista, California-based Novo Brazil Brewing was named the winner of Startup Brewery Challenge 9, a business pitch competition sponsored by Craft Brew Alliance. Held during Wednesday’s Brewbound Session conference in Santa Monica, California, the competition featured five brewery entrepreneurs, who were given four minutes to showcase their beers and business plans in front of a panel of industry judges.
Brewbound today announced the winners of its 2017 Brewbound Awards, which recognize the business efforts of beer companies across the U.S. First launched in 2014, the Brewbound Awards acknowledge breweries for their execution of various sales, marketing, and philanthropic initiatives. The awards also recognize large and small beer companies, as well as notable industry figures, for their impact on the category.
Ninkasi Brewing Company leaders Nikos Ridge and Cheryl Collins shared their company’s evolving approach to innovation during Tuesday’s Brewbound Session in Santa Monica.
Colorado’s Avery Brewing today announced the sale of a 30 percent stake to Mahou San Miguel, a Spanish brewing company founded in Madrid in 1890. Specific terms of the deal, which is expected to close in January 2018, were not disclosed.
Sixpoint Brewery founder Shane Welch is making innovation the “primary focus” of the Brooklyn craft brewery heading into 2018. In order to foster that spirit of innovation, Sixpoint formed a new product development team in August, and hired Eric Bachli as the “chief product officer.”
In this week’s Last Call: The United States Association of Cider Makers reports growth for regional cider brands, Golden Road gets the green light to build a brewpub in Oakland, and the Brewers Association’s campaign to “buy” A-B InBev hits $3.6 million.
In this week’s edition of press clips: Maryland Comptroller Peter Franchot’s “Reform on Tap Act of 2018” would create a friendlier business climate for the state’s craft breweries, the Senate tax bill gains steam as alcohol industry watchdogs cry foul, and two industry trade groups provide a snapshot of beer industry health through October.
The entrepreneurs behind the once-caffeinated and controversial flavored malt beverage, Four Loko, are diversifying. Following the April launch of Four Loko Shots, a line of flavored spirits checking in at 35 percent ABV, Four Loko parent Phusion Projects, via its Innovative Wine & Spirits subsidiary, last week struck a deal with Pabst Brewing Company to market, sell and distribute its first bourbon brand under the Not Your Father’s label.
