What feels like the worst kept secret in craft beer industry circles was finally revealed yesterday, as MillerCoors announced it would acquire a majority stake in fast growing San Diego craft brewery, Saint Archer Brewing. Financial terms were not disclosed, but a recent Wall Street Journal valuation estimate, which pegged craft brewery multiples at $1,000 per barrel, could mean Saint Archer fetched as much as $35 million
The Center for Alcohol Policy (CAP) Eighth Annual Alcohol Law and Policy Conference began today at the Hyatt Chicago Magnificent Mile in Chicago, Illinois, with a welcome by CAP Advisory Council member and former National Traffic Safety Board Chairman James Hall. He noted that the conference is a key opportunity for a diverse group of state and federal alcohol regulators, law enforcement, legislators, public health advocates, members of the alcohol beverage industry and others interested in alcohol policy issues to come together to learn and share ideas.
Continuing its expansion along the East Coast, SweetWater Brewing yesterday announced new distribution agreements in New York, Connecticut and Pennsylvania.
Another California-based craft brewer has sold. Tenth and Blake, the craft and import division of MillerCoors, today announced it would acquire a majority interest in San Diego’s Saint Archer Brewing Company. The transaction is expected to close in October 2015. Financial terms were not disclosed. Saint Archer launched in 2013 and has grown rapidly in its short few years in business. It expects to sell 35,000 barrels of beer in 2015.
Widmer Brothers brewed four collaboration beers with four food and beverage industry heavyweights for Bon Appétit Presents Feast Portland: A Celebration of Oregon Bounty, an annual culinary festival that will be held from Thursday, September 17, to Sunday, September 20, 2015.
Today, Southern Tier Brewing Company (STBC) announced One Buffalo Our Beer is available in six-pack bottles. The beer is available throughout Western New York in advance of the Buffalo Bills regular season opener on Sunday, September 13.
On Saturday, River North Brewery will release Big City Quad, a Belgian-style Quadrupel aged in two types of classic whiskey cocktail barrels: Manhattan and Boulevardier.
Upslope Brewing Company, brewers of the recently announced limited edition Tap Room Series, will celebrate the release of the series’ second brew – an Oktoberfest Lager, by opening the world’s first backcountry tap room for a one-day event at the High Lonesome Hut outside of Winter Park, Colorado Saturday, Sept. 19, 2015.
Arizona’s local brewery, SanTan Brewing Company has officially unveiled a fresh new look! After eight years of rapid growth and expansion, SanTan Brewing Company is excited to present a refreshed brand that is fun yet mature, cohesive and visually stunning, a perfect complement to its Southwestern Style Ales.
Executives from the nation’s largest domestic and import beer companies convened on Capitol Hill today, taking part in a day-long meeting featuring presentations and panel discussions from industry leaders, legislators and lobbyists alike. Included on the agenda were discussions of industry wide tax reform (as outlined in the bipartisan Craft Beverage Modernization and Tax Reform Act), FDA menu labeling disclosures and the Beer Institute’s newly established federal “Beer PAC.”
Wirtz Beverage Group announced today that Carrie Bach has been named Vice President of Planning and Communications. In the newly created role, Bach will work across all markets and be responsible for the company’s annual strategic planning process, internal and corporate communications, customer engagement and digital strategy.
Connecticut’s Two Roads Brewing has signed with craft-focused wholesaler Hunterdon Brewing Co. for distribution throughout the state of New Jersey, the company announced today.
Andrews Distributing is proud to announce a new partnership with Thatchers Cider of Sandford, Somerset, England. Thatchers was founded by William John Thatcher in 1904.