Kihei, Hawaii-based Maui Brewing Company has placed a “stalking horse” bid to acquire San Diego, California-based Modern Times Beer, which has been accepted by a court-appointed receiver.
As the on-premise began to reanimate after a year of pandemic-driven closures and restrictions, 28 of the top 50 Brewers Association-defined (BA) craft breweries posted volume increases in 2021, according to data published today in the May/June edition of the trade group’s New Brewer magazine. Last year, the BA reported craft beer’s volume declined -9% in 2020 – the first time the trade group that represents the nation’s small and independent breweries recorded a volume loss in the industry’s modern era – and a majority (36) of the top 50 saw their output decline compared to 2019.
Large regional breweries that fall outside of the BA’s definition of a craft brewer collectively produced more than 8.64 million barrels of beer in 2021, a +2% increase on a comparable basis, according to data provided by the trade organization. The BA excludes companies that are at least 25% owned by a larger brewing company from its craft brewery data set and sets a production ceiling for BA-defined craft brewers at 6 million barrels.
Everett, Massachusetts-headquartered Night Shift Brewing will begin distributing in Maryland with Legends Ltd., the Baltimore-based subsidiary of Sheehan Family Companies. Manhattan-based Torch & Crown Brewing has entered Massachusetts statewide with Craft Collective.
Minnesota’s largest craft brewers will finally be able to sell growlers of beer to-go, while smaller brewers will be able to sell 4- and 6-packs after Gov. Tim Walz signed into law a liquor reform bill on Sunday.
Boston Beer Company’s plans in the non-alcoholic cannabis-infused beverage space are beginning to play out one year after establishing a Canadian subsidiary to focus on those offerings.
Like sweatpants and sourdough, golf gained an unexpected burst of popularity during the pandemic, earning droves of players looking for an outdoors oasis and socially distant entertainment. Another leisure activity that saw pandemic growth: ready-to-drink cocktails. Now the two are combining. Like many golfers, Turner Lewis, owner of Fore Craft Cocktails, enjoys a Transfusion while… Read more »
A bill to add $40 billion to the depleted Restaurant Revitalization Fund (RRF) failed to secure the requisite 60 votes in the U.S. Senate yesterday.
Dallas, Texas-based Bishop Cider has struck a deal to acquire Wild Acre Brewing in Fort Worth, as well as the assets of Legal Draft Beer Co. in Arlington, the 10-year-old cider maker announced Thursday. The planned acquisitions are part of an ambitious expansion plan to open four new entertainment spaces – one each in Dallas, Arlington and two in Fort Worth.
Anheuser-Busch InBev’s beyond beer division is organizing itself around four priorities: hard seltzers, Cutwater Spirits, Nütrl Vodka Seltzer and Ghost Energy, beyond beer business unit president Fabricio Zonzini shared during Beer Marketer’s Insights’ spring conference in Chicago last week.
Anderson Valley Brewing Company (AVBC), has committed to holding price – at least through the summer – despite inflationary headwinds, supply chain strain and continued effects of COVID-19 felt throughout the beer industry, the Boonville, California-based craft brewery announced Wednesday.
Since its founding in 2010, Fiddlehead Brewing Company has recorded double-digit growth every year in each of its eight markets, and this year made the Brewers Association’s (BA’s) list of Top 50 Craft Breweries by volume, ranking No. 49.
Boston Beer Company executives are now expecting hard seltzer growth for 2022 to be near the lower end of its previously communicated projections of flat to +10%, but they reaffirmed confidence in the long-term staying power of the segment, founder Jim Koch shared this week during the Global Staples Forum, according to a recap compiled by Goldman Sachs managing director Bonnie Herzog.
Molson Coors appointed Jeff Agase to lead its craft beer division, Tenth & Blake, on May 11. Agase joins the Brewbound Podcast to share his vision for the division, where it fits within Molson Coors’ premiumization efforts, and how the company views M&A.
