Another craft brewery is exploring a potential sale of the company. Melvin Brewing announced today it is seeking “a strategic partner” to “support and assist with current growth initiatives,” a process that could lead to the sale of the Alpine, Wyoming-based craft brewery.
The life of Bevy Long Drink, Boston Beer’s malt-based foray into the Finnish long drink segment, won’t be very long after all. The company has discontinued the brand, which it launched in 20 test markets late last year and expanded nationwide earlier this year.
Halfway through 2022, the beverage-alcohol industry is facing an unending wave of headwinds. Scott Scanlon, EVP of market research firm IRI’s beverage-alcohol vertical, shares the firm’s mid-year report card for the bev-alc industry. Scanlon strikes an optimistic tone for the beer category for the rest of 2022.
In the wake of Breakthru Beverage’s acquisition of J.J. Taylor’s beer business in Minnesota, Summit Brewing Company’s portfolio has moved to A-B house Capitol Beverage Sales in the Minneapolis-St. Paul area, with pieces of territory doled out to College City (A-B) and Dahlheimer Beverage, a Molson Coors house.
Total beer had a “break in the pattern” this month, contracting with a reading of 46 in June’s Beer Purchasers’ Index (BPI), according to the National Beer Wholesalers Association (NBWA).
A judge in Orange County Superior Court has approved the sale of San Diego-based Modern Times Drinks to BX MT BAMF LLC – a limited liability company connected with Anaheim, California-based Brewery X – for $20 million.
Members of Teamsters Local 830 have ratified a new contract with Delaware Valley Importing Distribution Association, ending their nearly week-long strike against three Philadelphia-area beer wholesalers.
In a nearly 2,500-word missive that opened with quotes from Metallica and Roman poet Heraclitus, Stone Brewing co-founder Greg Koch – one of the craft beer industry’s staunchest advocates for independence – reflected on what the sale of his company to Japanese brewing giant Sapporo means for his future… without ever typing the word “Sapporo.”
Sapporo’s acquisition of San Diego-based Stone Brewing Company will support a large expansion of the Japanese beer maker’s U.S. beer sales and production, according to a supplementary explanatory materials document filed by Sapporo Holdings.
Brian Rosen doesn’t want to invest in your vodka flavored with sriracha or lemon peel and cumin. The lifelong beverage entrepreneur and advisor is channeling his experience into growing spirit brands that instead have wide appeal, and he’s adding strategic capital through InvestBev, an investment firm focused on adult-beverage brands, raw distillate, beverage technology and cannabis.
Following the news that Stone Brewing Company is in the process of being sold to Japan’s Sapporo Holdings for $165 million, Stone CEO Maria Stipp and director of public relations and communications Lizzie Younkin spoke with Brewbound Friday morning about the proposed deal.
Stone Brewing Company is being sold to Sapporo Holdings, the two companies announced today.
Court records filed in the wake of last Friday’s auction for San Diego craft brewery Modern Times give a closer look at bidding play-by-play, and the tension between qualified bidders MTD Asset Acquisition and BX MT BAMF LLC. Earlier this week, MTD (the group referred to during the auction as North Carolina brewery Tru Colors), whose $20.1 million bid was not accepted as the winning bid, filed an objection to the sale of Modern Times to BX MT (an affiliate of Brewery X in Anaheim), and submitted a new bid of $21 million. MTD claims priority was given to Brewery X’s bid due to its inclusion of a shorter closing period, despite what it believes was a previous guarantee that such conditions would not be weighted in choosing a winning bid. Those efforts caused a federal judge to table a hearing Monday set to confirm the sale of the brewery.
In his own words, Grisa Soba has “always been a contrarian and tried to do things differently.” That approach has taken Flaviar, the spirits enthusiast membership club Soba launched in 2012 from a simple tasting box format to one of the largest clubs of its kind serving the U.S. and EU. Before moving into digital… Read more »
