Upstart Texas beer maker Hop & Sting Brewing Company has purchased the assets and brands of Grapevine Craft Brewery from owner Glen Harrod. Financial terms of the deal — which did not include the building and land — were not disclosed, but Hop & Sting co-owner Brian Burton told Brewbound that “it was something just barely within our budget.”
After more than two years of construction, noted gypsy brewer Grimm Artisanal Ales will open its first brick-and-mortar brewery in the Williamsburg neighborhood of Brooklyn on Saturday, June 30.
More than two months after reworking plans for a second brewing facility in Virginia, Oregon’s Deschutes Brewery today announced it has finally closed on a long-anticipated $3.2 million deal to acquire 49 acres of land in Roanoke.
Constellation Brands reported its first-quarter fiscal 2019 earnings today, which were highlighted by 8.9 percent growth in beer depletions (sales-to-retailers) and an 8.6 percent increase in shipments compared to the three-month period in 2017. Although beer was a major focus of today’s call, Sands spent a great deal of time discussing and answering questions about Constellation Brands’ $191 million investment into Canadian cannabis company, Canopy Growth Corporation.
Ride-sharing service Lyft announced today a partnership with the Georgia Craft Brewers Guild. It’s just the latest in an ongoing effort by the San Francisco-headquartered, on-demand transportation company to focus on getting patrons to and from brewery taprooms by forming partnerships with state guilds across the country.
First Beverage Ventures, the private equity arm of beverage advisory and investment firm First Beverage Group, today announced its investment in Colorado-based distiller Laws Whiskey House, making it the second spirits brand to join the FBG portfolio. Terms of the deal were not disclosed.
Founders Brewing signs a five-year agreement with British pub chain Marston’s, and more distribution news.
In the latest edition of Press Clips: Beer rationing begins in Europe; trademark infringement fights continue; Beavertown feels the fallout from selling a minority stake to Heineken; and more.
U.S. consumers looking to catch a buzz without the booze will soon be able to purchase an assortment of beer-centric products thanks to a pair of ventures aiming to disrupt the current alcohol market with cannabis-infused beverages.
After years of fighting for the right to sell to-go beer, manufacturing breweries in Texas now have allies on both sides of aisle. Texas Democrats and Republicans both included language in their respective party platforms supporting the legalization of off-premise sales privileges for the state’s production breweries as well as changes to the three-tier system of alcohol distribution.
A California-based craft beer company that had aspirations of expanding into China with a new line of products has gone belly-up after a series of events forced the company to back away from both ventures. Schubros Brewery, based in the eastern region of the Bay Area, has permanently closed, according to company founder Ian Schuster.
After 20 years of brewing beer in South Carolina, Thomas Creek Brewery is considering a possible sale of the business, co-owner Tom Davis told Brewbound. Thomas Creek, which brews its own line of beers as well as a variety of other labels for large and small companies alike, including Bacardi, has retained brokerage firm National Restaurant Properties to secure upwards of $8 million to expand the Greenville-based craft brewery.
In this week’s edition of Last Call: Pabst and MillerCoors are headed to trial in November; Amazon adds beer delivery in Texas; the Florida Brewers Guild claims big beer is pushing small brands out of Publix; and more news.
It’s been a turbulent year for Green Flash Brewing, but the San Diego-based craft brewery is hoping the opening of a new satellite brewpub will help turn things around. After closing two production facilities, laying off 76 employees, pulling distribution from 42 states and being sold by its bank to a new investor group, Green Flash has finally commenced operations at the Green Flash Brewhouse & Eatery in Lincoln, Nebraska.
