Reyes Beer Division to Gobble Up Greenco in South Carolina

Reyes Beer Division to Gobble Up Greenco in South Carolina

The Reyes Beer Division has struck a deal to acquire Greenco Beverage in Greenville, South Carolina. Financial terms of the transaction were not disclosed. The deal is expected to close on September 24.

Goldman Sachs: C-Store Sales Decelerate in Q2; 71% of Retailers Plan to Increase Hard Seltzer’s Shelf and Cooler Space

Goldman Sachs: C-Store Sales Decelerate in Q2; 71% of Retailers Plan to Increase Hard Seltzer’s Shelf and Cooler Space

Beverage alcohol sales at some convenience stores have begun to decelerate as the on-premise channel reopens, Goldman Sachs analyst Bonnie Herzog reported in her Q2 “Beverage Bytes” survey of c-store retailers. Half of survey respondents reported no impact to alcohol sales during the July 4 holiday weekend. Meanwhile, 33% reported a moderate negative impact, and 17% reported a significant moderate impact.

Danelle Kosmal to Join Beer Institute as Vice President of Research

Danelle Kosmal to Join Beer Institute as Vice President of Research

The Beer Institute (BI) today announced the hire of Danelle Kosmal as vice president of research. Kosmal will join the trade association — which represents the interests of brewers, importers and beer industry suppliers — in late August.

People Moves: Oskar Blues Founder Enters Cannabis Industry; Jim Randall Joins BeerBoard

People Moves: Oskar Blues Founder Enters Cannabis Industry; Jim Randall Joins BeerBoard

Oskar Blues founder Dale Katechis will join Colorado-based cannabis company Veritas as a partner who “will play an active role in strategic growth initiatives for the brand,” a spokesperson told Brewbound. Katechis founded Oskar Blues in Lyons, Colorado, in 1997. The brewery grew to become the 14th-largest craft brewery by volume in the U.S. in 2015, when Fireman Capital Partners acquired a majority stake in it.

Jones Soda Sets Stage to Enter Cannabis Market

Jones Soda Sets Stage to Enter Cannabis Market

Over two years after cannabis industry investment firm SOL Global took a minority stake in Jones Soda, the Seattle-based craft soda maker is finally preparing to launch infused edibles and beverages.

Fintech-Tracked Beer Industry Depletions Volume +9%; 2021 Holiday Weekend Beer Sales Outpacing 2020

Fintech-Tracked Beer Industry Depletions Volume +9%; 2021 Holiday Weekend Beer Sales Outpacing 2020

Beer industry depletions (sales-to-retailers) volumes tracked by beverage alcohol invoicing and logistics firm Fintech have increased 9% year-to-date through Week 27 compared to the same period last year, National Beer Wholesalers Association chief economist Lester Jones and Fintech director of distributors Jim Kallies shared yesterday during a quarterly review of the industry’s performance.