Sierra Nevada Brewing Company, ranked by industry trade group the Brewers Association as the third largest U.S. craft brewery, today announced the purchase of San Francisco-based Sufferfest Beer Company. Financial terms of the deal were not disclosed, and the transaction is expected to close in early April.
ZX Ventures, Anheuser-Busch InBev’s venture capital arm, has acquired the remaining portion of beer ratings website RateBeer.com that it did not already own. Financial terms of the deal were not announced, but a spokesperson for ZX Ventures said the transaction had closed.
Massachusetts’ Mercury Brewing and Newburyport Brewing today announced a strategic partnership that will give the latter company access to brewing capacity, via a contract arrangement, as well as various sales, marketing, and administrative resources. Speaking to Brewbound, Rob Martin, owner of Mercury Brewing, which produces beers under the Ipswich Ale Brewery label, confirmed that his company had not taken an ownership stake in Newburyport.
Green Flash Brewing Company chief executive Michael Taylor is “bullish” on the San Diego craft brewery’s prospects for a turnaround in 2019. In a conversation with Brewbound, Taylor — a former Anheuser-Busch executive who was hired as CEO last June — said he’s projecting 20 percent growth for a Green Flash business that ran into significant financial turmoil around this time last year.
In episode 21 of the Brewbound Podcast, Murray discusses the changes to the American beer scene that he’s witnessed during his long career in beer, his latest collaboration with Wachusett and innovations that could drive future category growth.
Sunday’s Super Bowl matchup between the New England Patriots and Los Angeles Rams will mark Anheuser-Busch InBev’s biggest ever bet made on the big game.
Hundreds of Alcohol and Tobacco Tax and Trade Bureau (TTB) employees returned to work on Monday, following a 35-day government shutdown the brought beer label approvals and other important alcohol beverage enforcement activities to a standstill.
Nine months after urging retailers to adopt its independence seal, the Brewers Association (BA) today launched an extension of that campaign, encouraging state guilds, beer festivals, homebrew shops and other craft beer supporters to adopt a modified version of its original badge.
Sales of beer, cider and flavored malt beverages topped $38.2 billion in 2018, according to market research firm Nielsen, which tracks category-wide sales at major off-premise retailers.
Green Flash Brewing today unveiled a new logo, rebranded packages and a reformulated version of its West Coast IPA flagship. The move comes about eight months after the San Diego-based craft brewery named former Anheuser-Busch executive Michael Taylor as its new CEO, following months of financial turmoil and an eventual foreclosure sale to holding company WC IPA LLC.
In this week’s edition of Last Call: Asahi announces plans to acquire London Pride maker; U.S. beer shipments decline in 2018; Charlie Papazian exits the Brewers Association; Clare Rose lays off 14 employees; and more industry news.
A potential buyer for troubled Canadian brewing equipment manufacturer Diversified Metal Engineering (DME) appears to have emerged. In a January 18 report, Alvarez & Marsal, the receiver appointed in November after DME defaulted on loan payments to the Royal Bank of Canada (RBC), said it is negotiating with a potential buyer for the company’s primary business in Charlottetown, Prince Edward Island.
In episode 20 of the Brewbound Podcast, House Beer founder Brendan Sindell discusses his company’s value proposition, its distribution and growth strategy, the challenges and opportunities of selling a single product offering and why his investors remain interested in the beer category despite declining volumes.
Amid growing interest in more “functional” alcoholic beverages, one of the country’s pioneering hard kombucha brands is undergoing a makeover in an effort to appeal to younger female consumers looking for boozier versions of the fermented tea beverage. Originally launched in 2013 as a more traditional non-alcoholic kombucha, Kombrewcha — which was co-founded by Honest Tea co-creator Barry Nalebuff and received investment from Anheuser-Busch’s ZX Ventures in 2016 — has upped its alcohol content and unveiled new packaging as an emerging hard kombucha category begins to develop.
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