Craft Brew Alliance (CBA) yesterday named Matt Gilbertson, Anheuser-Busch InBev’s North American vice president of M&A, treasury and corporate real estate, to its board of directors. As part of its minority ownership of CBA, A-B has the right to designate up to two individuals to serve on the company’s board.
With tax breaks for alcohol producers set to expire at the end of 2019, the push to make excise tax relief permanent officially started today as the Craft Beverage Modernization and Tax Reform Act (CBMTRA) was reintroduced into the U.S. Senate by Sens. Ron Wyden (D-OR) and Roy Blunt (R-MO).
Virginia may be for lovers, but it won’t be a place where drinkers can purchase Bell’s beer for much longer. Bell’s Brewery founder Larry Bell notified the company’s seven Virginia wholesalers on Friday that the Michigan craft brewery would cease shipments to the state after filling final orders.
Canada’s Collective Arts Brewing is venturing into the cannabis sector. The Hamilton, Ontario-based craft brewery, located about 50 miles from the New York border, has established a sister company called Collective Project Limited that will develop and sell cannabis-infused beverages.
Sierra Nevada Brewing Company, ranked by industry trade group the Brewers Association as the third largest U.S. craft brewery, today announced the purchase of San Francisco-based Sufferfest Beer Company. Financial terms of the deal were not disclosed, and the transaction is expected to close in early April.
ZX Ventures, Anheuser-Busch InBev’s venture capital arm, has acquired the remaining portion of beer ratings website RateBeer.com that it did not already own. Financial terms of the deal were not announced, but a spokesperson for ZX Ventures said the transaction had closed.
Massachusetts’ Mercury Brewing and Newburyport Brewing today announced a strategic partnership that will give the latter company access to brewing capacity, via a contract arrangement, as well as various sales, marketing, and administrative resources. Speaking to Brewbound, Rob Martin, owner of Mercury Brewing, which produces beers under the Ipswich Ale Brewery label, confirmed that his company had not taken an ownership stake in Newburyport.
Green Flash Brewing Company chief executive Michael Taylor is “bullish” on the San Diego craft brewery’s prospects for a turnaround in 2019. In a conversation with Brewbound, Taylor — a former Anheuser-Busch executive who was hired as CEO last June — said he’s projecting 20 percent growth for a Green Flash business that ran into significant financial turmoil around this time last year.
In episode 21 of the Brewbound Podcast, Murray discusses the changes to the American beer scene that he’s witnessed during his long career in beer, his latest collaboration with Wachusett and innovations that could drive future category growth.
Sunday’s Super Bowl matchup between the New England Patriots and Los Angeles Rams will mark Anheuser-Busch InBev’s biggest ever bet made on the big game.
Hundreds of Alcohol and Tobacco Tax and Trade Bureau (TTB) employees returned to work on Monday, following a 35-day government shutdown the brought beer label approvals and other important alcohol beverage enforcement activities to a standstill.
Nine months after urging retailers to adopt its independence seal, the Brewers Association (BA) today launched an extension of that campaign, encouraging state guilds, beer festivals, homebrew shops and other craft beer supporters to adopt a modified version of its original badge.
Sales of beer, cider and flavored malt beverages topped $38.2 billion in 2018, according to market research firm Nielsen, which tracks category-wide sales at major off-premise retailers.
Green Flash Brewing today unveiled a new logo, rebranded packages and a reformulated version of its West Coast IPA flagship. The move comes about eight months after the San Diego-based craft brewery named former Anheuser-Busch executive Michael Taylor as its new CEO, following months of financial turmoil and an eventual foreclosure sale to holding company WC IPA LLC.
