Hoping to build off the continued growth of its flagship Kona Brewing portfolio, Craft Brew Alliance said it plans to increase sales of the Hawaiian-themed brand by double digits in 2019. During Thursday’s earnings call with investors and analysts, CEO Andy Thomas laid out the company’s plans to hit that goal, while also reflecting on a “good” 2018.
In the latest edition of People Moves: Long-time beer executive Bill Hackett retires from Constellation Brands; Crook & Marker hires Bai president; and Anheuser-Busch InBev board chairman set to resign.
In episode 26 of the Brewbound Podcast, Heck discusses the company’s recruiting and hiring processes, interviewing and onboarding new employees, the company’s culture, and how the executive team encourages employees to take ownership over certain aspects of the brewery’s operations.
Craft Brew Alliance (CBA) today reported its 2018 and fourth-quarter financial results, which were highlighted by 8 percent full-year depletions growth for the company’s lead brand – Kona Brewing. Despite the continued success of Kona, CBA’s total shipments, including beers produced under contract at its facilities, declined by 700 barrels, to 747,600 barrels, versus 2017, while depletions dipped 2 percent last year.
Diversified Metal Engineering (DME) has returned from the brink of collapse. CIMC Enric Tank & Process B.V. yesterday closed on a deal to acquire the financially troubled Canadian brewing equipment manufacturer.
Deep Ellum Brewing Company was busy last week. The Dallas-based craft brewery — which was acquired last June by the Fireman Capital-backed Canarchy Craft Brewery Collective — launched in Oklahoma, its first market outside of Texas; opened a research-and-development brewery and restaurant in Fort Worth; and commissioned a new 60-barrel brewhouse at its main production facility.
Midway through last year, Craft Brew Alliance (CBA) launched an innovation initiative aimed at testing the viability of, and consumer demand for, non-traditional alcoholic beverages that play on the fringes of the beer category. Today, the Portland-headquartered craft beer company – which owns the Kona, Widmer Brothers, Redhook, Omission, Square Mile, Cisco Brewers, Appalachian Mountain Brewery and Wynwood labels – announced that its so-called “pH Experiment” has become a standalone business unit.
After years of flirting with the idea of making a run at the White House, former Colorado Gov. John Hickenlooper officially announced his bid for the presidency on Monday. The brewing industry will recognize Hickenlooper, 67, as the former geologist turned beer entrepreneur who co-founded Denver’s Wynkoop Brewing in 1988.
Fast-growing, Seattle-based Reuben’s Brews is hoping a newly opened production facility will finally help the company meet demand for its beer. Over the weekend, the 7-year-old craft brewery officially opened an 11,000 sq. ft. brewery and taproom in Seattle’s Ballard neighborhood.
In this week’s edition of Last Call: The Massachusetts high court denies Craft Beer Guild’s “pay-to-play” appeal; Drizly sues its co-founder; U.S. beer shipments increase in January; and more industry news.
Anheuser-Busch InBev today reported 2018 global revenue growth of 4.8 percent — to more than $54.6 billion — despite continued declines in the U.S.
Boulevard Brewing Company today announced the launch of a line of ready-to-drink (RTD) canned cocktails called Fling. Speaking to Brewbound, Jeff Krum, president of Duvel Moortgat USA, which owns the Kansas City craft brewery, described the company’s foray into RTD cocktails as more of a “side hustle.”
In episode 25 of the Brewbound Podcast, Bissell Brothers co-founder Peter Bissell shares his company’s origin story and discusses brand building, the future of “line culture” in craft beer, how the company is introducing its beer to new consumers at a secondary brewery in northern Maine, and why he looks outside of the beer industry for inspiration, among other topics.
Yet another large U.S. beer company is making cuts. Citing a need to restructure its sales organization, Heineken USA (HUSA) announced today it would slash 15 percent of its overall workforce.
