The Riverside Company, a private equity firm with offices in New York City and Cleveland, has exited its investment in Salt Lake City’s Uinta Brewing Company. Reached by Brewbound, a spokesperson for the firm, which acquired a partial stake in 2014, declined to comment on its decision to back away from the investment.
The Brewers Association (BA) has severed ties with longtime New York-based PR firm The Rosen Group. The Colorado-headquartered not-for-profit trade association representing small and independent U.S. craft brewers today announced it has chosen Backbone Media as its new public relations agency of record. Backbone, based in Carbondale, Colorado, supplants The Rosen Group, which had served as the BA’s public relations firm for more than a decade.
Bear Republic Brewing Company co-founder Richard R. Norgrove will step down as CEO, the Northern California-based company announced Monday. Mr. Norgorve’s son, Richard G., will take over as the company’s chief executive. In addition to the younger Norgrove’s transition into the CEO role, Bear Republic named long-time employee Peter Kruger as its new chief operating officer. He takes over for Richard G. Norgrove, who also goes by “Ricardo.”
The largest beer wholesaler in the U.S. has made another big acquisition in California. Reyes Holdings today announced that subsidiary Harbor Distributing LLC has reached an agreement to acquire DBI Beverage Inc.’s assets in Northern California. The news comes one week after Reyes sold its Reinhart Foodservice division to Performance Food Group Company for $2 billion.
In this week’s edition of Last Call: Smuttynose and Hop Valley shuffle executives; Boston Beer and Dogfish Head’s merger closes; Deschutes Brewery adds distribution in Indiana, New Jersey; Reyes Holdings sells Reinhart Foodservice for $2 billion; and more news.
In episode 43 of the Brewbound Podcast, Palmer discusses what franchise law reform could look like in Georgia, and shares her outlook on similar efforts across the U.S.
Canopy Growth Corporation (TSE: WEED) today announced that co-CEO Bruce Linton has stepped down as chief executive and board member. However, Linton, who co-founded the company in 2013, called into CNBC to clarify that he was fired from the world’s largest cannabis company.
A majority of Americans say beer is their alcoholic beverage of choice during the July 4 holiday, according to a survey commissioned by national trade group the Beer Institute (BI). The poll — conducted by Quadrant Strategies between June 21-25 — asked 1,000 legal-drinking-age adults which alcoholic beverage they’d be consuming or serving during Independence Day. Beer was the answer for 75 percent of the respondents.
The Saint Louis Brewery today named Fran Caradonna, who joined the company earlier this year, as its next chief executive officer. A 25-year industry veteran who co-founded the O’Fallon Brewery, Caradonna took over as chief financial officer and chief administration officer of the Schlafly Beer maker at the end of March.
Financially troubled Austin craft beer maker Celis Brewery has staved off an impending closure, for now. The company’s assets and property were set to be sold at auction on Tuesday, but a Chapter 11 bankruptcy filing submitted yesterday has protected Celis from losing its real estate and its brewing equipment.
In an effort to bolster sales of its beer at on- and off-premise retail accounts, Westminster, Massachusetts-based Wachusett Brewing Company is leaning into a taproom expansion strategy within its home state. The company today announced it would take over the former John Harvard’s Ale House located in the heart of Cambridge’s Harvard Square.
In this week’s Press Clips: German brewer Gilde reveals its U.S. expansion plans in North Carolina; Pennsylvania lawmakers lower brewery sales tax; North Carolina paves the way for alcohol sales at college sporting events; and more news.
Anheuser-Busch InBev is pushing deeper into non-beer offerings, today announcing that its innovation and growth unit, ZX Ventures, has acquired the remaining stake in Swish Beverages that it did not already own.
Constellation Brands’ beer portfolio continues to drive the company’s growth. The multifaceted alcohol company today reported its first-quarter fiscal 2020 earnings, which were highlighted by a 5.4 percent increase in shipments (sales-to-wholesalers) and a 6.6 percent increase in depletions (sales-to-retailers) for the three-month period ending May 31.
