Craft Beer News, Events & Jobs

Following Sale to VC Firm, Smuttynose Regroups

Following Sale to VC Firm, Smuttynose Regroups

Less than one month after announcing plans to purchase Smuttynose Brewing Company from Provident Bank, New Hampshire’s Runnymede Investments has finalized its deal for the struggling Portsmouth-area craft brewery and launched a 90-day plan aimed at helping it return to growth.

Off-Premise Beer Sales Up 1.5 Percent Through March, Says IRI Worldwide

Off-Premise Beer Sales Up 1.5 Percent Through March, Says IRI Worldwide

The latest snapshot of beer category health is out. Market research firm IRI Worldwide, which tracks category-wide sales trends at off-premise retailers, reported yesterday that dollar sales of beer at multi-outlet and convenience stores were up 1.5 percent through March 25.

Castle Island Brewing to Open Outdoor Beer Garden in Boston

Castle Island Brewing to Open Outdoor Beer Garden in Boston

Boston-area craft beer maker Castle Island Brewing is doubling down on its home market, today announcing a multi-year agreement for a seasonal beer garden located just three miles from the brewery’s namesake landmark at a recently developed site known as Underground at Ink Block.

Beam and Bud Bet on Boilermakers

Beam and Bud Bet on Boilermakers

In an effort to capture a growing contingent of consumers who are drinking both beer and spirits during a night out, Anheuser-Busch and Beam Suntory have inked a multi-faceted cross-merchandising program and collaborative brewing project. As part of the partnership, the two companies, via their flagship Budweiser and Jim Beam Brands, will “begin appearing together at bars and retail venues across the country,” according to a press release.

Brewers Association: Craft Export Growth Slows to Single-Digits in 2017

Brewers Association: Craft Export Growth Slows to Single-Digits in 2017

For the second consecutive year, U.S. craft beer exports grew in the low-single digits. However, growth of international shipments has slowed considerably as the export market has matured and competition from brewers in those foreign markets has increased. The Brewers Association (BA) announced Tuesday that U.S. craft beer exports grew 3.6 percent, to 482,309 barrels, in 2017.

Speakers Announced for Brew Talks CBC 2018

Speakers Announced for Brew Talks CBC 2018

Brewbound today announced its speaker lineup for the upcoming Brew Talks meetup, taking place May 1, in Nashville, Tennessee, during the 35th edition of the Craft Brewers Conference. The industry-only event, presented by Dogfish Head, will feature two thought-provoking panel discussions on the state of beer marketing and retailing.

Comerica Bank Unloads Green Flash to New Investor Group Via Foreclosure Sale

Comerica Bank Unloads Green Flash to New Investor Group Via Foreclosure Sale

Following weeks of uncertainty about the future of Green Flash Brewing, the San Diego-based craft beer company today announced that it has finalized a sale to a new investor group. In a note sent to Green Flash Brewing shareholders, posted by various outlets, founder and CEO Mike Hinkley said the brewery’s primary lender, Comerica Bank, had “foreclosed on its loans” and sold the company’s assets to WC IPA LLC via a foreclosure sale.

Sonoma Cider Closes After Losing Investor Funding

Sonoma Cider Closes After Losing Investor Funding

After raising more than $6 million from investors over the last five years, Sonoma Cider has ceased operations at its production facility and taproom in Northern California, the Santa Rosa Press Democrat reported. In a statement issued to the Press Democrat, Sonoma Cider co-founder and CEO David Cordtz said the Healdsburg-based maker of hard cider products “suddenly and without warning” lost its investor funding and closed as of March 28.

Boston Beer to Open Cincinnati Taproom

Boston Beer to Open Cincinnati Taproom

The maker of Samuel Adams is wading deeper into the taproom business. The Boston Beer Company — which makes and markets a variety of beer, cider and FMB products — today announced plans to open a 9,000 sq. ft. taproom just steps away from its current Cincinnati production facility.

Amid Ongoing Financial Troubles, Green Flash Closes Another Facility

Amid Ongoing Financial Troubles, Green Flash Closes Another Facility

Another chapter in the story of Green Flash Brewing’s distressed financial situation was written today as the San Diego-based company announced plans to close its Cellar 3 barrel-aging facility and taproom in Poway, California.

Dogfish Head Unveils New Variety Pack; Founder Calls Commodity Craft a ‘Slippery Slope’

Dogfish Head Unveils New Variety Pack; Founder Calls Commodity Craft a ‘Slippery Slope’

Dogfish Head is set to introduce a functional new variety pack, co-developed with packaging supplier WestRock, that will instantly transform into a leak-proof cooler with just a few scoops of ice. Called the “Off-Center Your Summer Pack,” the new SKU, which will retail for as much as $22 in some markets, will feature four varieties of beer – 60 Minute IPA, SeaQuench Ale, Lupu-Luau IPA and Namaste White – and include a custom Dogfish Head koozie.