For the second time in just five months, Massachusetts’ Atlantic Beverage Distributors has sold the distribution rights to a prominent San Diego-based craft brewery. Beginning today, Craft Beer Guild LLC, a subsidiary of Sheehan Family Companies, will distribute Stone Brewing Company products throughout the state.
Denver’s Renegade Brewing today announced the sale of an undisclosed stake to Silver Fox Partners, a Northeastern family office founded earlier this year by Anne Mulcahy, the former CEO and Chairwoman of the Xerox Corporation. Specific financial terms of the deal, which was finalized last Wednesday, were not disclosed.
Texas-based contract brewery Guns & Oil Beer has reached an agreement to take over the former Payette Brewing Co. production facility located about two miles outside of Boise, in Garden City, Idaho. In a conversation with Brewbound, Guns & Oil founder Cary Prewitt said he’s taken out bank loans to finance the $1 million project, including acquiring Payette’s 15-barrel brewhouse. He added that he’s signed a five-year lease on the 11,000 sq. ft. property.
Those that tuned into to watch the Houston Astros capture their first World Series title by defeating the Los Angeles Dodgers on Wednesday night were treated to a barrage of alcohol ads during the three-and-a-half-hour affair. Two beer companies — Constellation Brands and Boston Beer — sprung for multiple Game 7 spots, marketing a wide variety of beer, cider, and flavored malt beverage brands to more than 28 million viewers.
In this week’s edition of Last Call, Bear Republic raises funds for wildfire victims; New York’s MTA bans booze ads; Boulevard announces the release of its first cider; Black Star Line finds a home; and more.
Another Colorado brewery has been sold. Broken Compass Brewing Company has agreed to buy the assets of Backcountry Brewery in Frisco.
Molson Coors’ today reported a worldwide net dollar sales decline of 2.1 percent in the third quarter, highlighted by the company’s continued struggle to regain market share in a crowded U.S. marketplace.
As a stopgap until it can identify a more permanent solution for capacity constraints, Massachusetts’ Night Shift Brewing will begin augmenting its production via a contract brewing agreement with Smuttynose Brewing Company in New Hampshire.
TAPS Fish House and Brewery has announced plans to open a $3.3 million production facility in Southern California, about 15 miles away from its original brewpub location. The new 19,000 sq. ft. location, slated to open in late January 2018, is the company’s first commercial-scale brewery and will eventually be capable of producing 25,000 barrels annually.
After a seven-month search for a new vice president of sales, Salt Lake City’s Uinta Brewing has hired Brian Curran to lead its sales team. Curran supplants Steve Kuftinec, who spent 18 years with the Utah craft brewery but departed in June to launch a craft distillery in the San Diego area.
Mass Bay Brewing Company, maker of the Harpoon and UFO brands, today announced the purchase of Massachusetts-based contract brand Clown Shoes. Specific financial terms of the deal were not disclosed, however Mass Bay Brewing co-founder and CEO Dan Kenary told Brewbound that his company had acquired 100 percent of Clown Shoes’ assets.
Constellation Brands (STZ) is shrugging off the stigma surrounding marijuana and further diversifying its buzz. The New York-based company, which makes and markets a variety of beer, wine and spirits products, today confirmed plans to become the first major alcohol manufacturer to formally expand into the marijuana business via the purchase of a 9.9 percent stake in Canada’s Canopy Growth Corporation (WEED).
Earlier this year, Ninkasi Brewing co-founder Nikos Ridge stepped back from his role as CEO, naming then-COO Cheryl Collins as his replacement. The pair will speak at the upcoming Brewbound Session, which takes place on Wednesday, November 29, at the Lowes Hotel in Santa Monica, California. Together, Ridge and Collins will share lessons learned from growing into one of the largest U.S. craft breweries in just 10 years.
After two years of dabbling in the “hazy IPA” space with its Rebel Raw offering, Boston Beer Company is finally making a nationwide bet on a growing trend that started in its own backyard.