Craft Beer News, Events & Jobs

Cold Spring Brewing Company Sold to Private Equity Firm

Cold Spring Brewing Company Sold to Private Equity Firm

Minnesota-based Cold Spring Brewing Company has been acquired by Brynwood Partners, a Connecticut-based private equity firm with existing investments in a variety of food and beverage companies. A purchase price was not disclosed and the transaction – which includes Cold Spring’s Third Street Brewhouse and Monarch Custom Beverages divisions — was finalized on August 3, Brynwood managing director Dario Margve told Brewbound.

Drizly to Share Free E-Commerce Insights with Launch of New ‘Data Distillery’

Drizly to Share Free E-Commerce Insights with Launch of New ‘Data Distillery’

In an effort to democratize the alcohol industry’s data, Drizly — a technology company and mobile e-commerce platform – has launched what it calls its “data distillery.” Unveiled last week, the new data hub offers both consumers and alcohol industry professionals free insights, compiled from millions of orders in the 70 U.S. cities and 25 states where Drizly operates.

Kona Continues to Propel CBA in Second Quarter of 2017

Kona Continues to Propel CBA in Second Quarter of 2017

During a call with investors and analysts on Thursday, Craft Brew Alliance CEO Andy Thomas characterized the company’s second quarter results as “another win,” even though company-wide depletions dipped 2 percent amidst pressure from more than 5,500 breweries competing for an evolving consumer set that Thomas called “alien.”

Craft Brew Alliance Reports Q2 Earnings

Craft Brew Alliance Reports Q2 Earnings

Craft Brew Alliance (CBA) today reported second quarter earnings results, which were highlighted by a 9 percent increase in Kona depletions. But Kona’s continued depletion growth – which CBA executives have repeatedly touted as a mainstream, crossover brand that sources volumes from the craft and import segments – couldn’t completely offset ongoing declines of Widmer Brothers and Redho

Karl Strauss to Distribute for Other Craft Brands

Karl Strauss to Distribute for Other Craft Brands

Add Karl Strauss Brewing Company to a small but growing list of craft breweries expanding beyond self-distribution and into broader beer wholesaling. In an effort to help smaller craft players gain better access to thousands of bars and restaurants, Karl Strauss is boosting its portfolio to include a “select group” of local beer products, according to Mark Weslar, the company’s vice president of marketing. Black Plague Brewing Company and Benchmark Brewing Company are the first two companies to sign with Karl Straus

Molson Coors Reports Second Quarter Earnings

Molson Coors Reports Second Quarter Earnings

Molson Coors today reported its second quarter earnings results, which were highlighted by a 2.3 percent increase in global brand volumes, to 26.4 million hectoliters.

Brewers Association: Craft Growth Slows to 5 Percent

Brewers Association: Craft Growth Slows to 5 Percent

Growth for U.S. craft beer companies is the slowest it’s been in 13 years, according to a new report from the Brewers Association (BA), a trade group representing small and independent brewers. The BA today reported that production at small and independent craft breweries – those companies that are less than 25 percent owned by a non-craft brewer and produce fewer than 6 million barrels of “traditional” beer annually – was up just five percent midway through 2017.

Listen: Owl’s Brew Co-Founder Discusses ZX Ventures’ Investment on Taste Radio

Listen: Owl’s Brew Co-Founder Discusses ZX Ventures’ Investment on Taste Radio

On the latest edition of Taste Radio, a weekly podcast for beverage, food and beer professionals produced by BevNET.com, Owl’s Brew co-founder Jennie Ripps discussed how the ZX Ventures investment came to be and explained what it’s like to work alongside the world’s largest beer company. “As an entrepreneur — as a founder — the idea of having more resources, a bigger platform, a partner that’s bigger to associate with is incredibly exciting,” she told BevNET founder and CEO John Craven, who hosted the interview alongside BevNET managing editor Ray Latif.

Ballast Point to Open Chicago Brewpub in 2018

Ballast Point to Open Chicago Brewpub in 2018

An already competitive craft beer scene in Chicago is about to get even more crowded. Constellation Brands – a beer, wine and spirits producer that makes popular import beer labels such as Corona, Pacifico and Modelo — yesterday announced plans to open a Ballast Point outpost in Chicago early next year.