Dick Cantwell Discusses His Return to Brewing

Dick Cantwell Discusses His Return to Brewing

Dick Cantwell has spent the past few days making beer at his new brewing venture — San Francisco’s 20-year-old Magnolia Brewing Company.

New Belgium, The Bruery to Expand East Coast Presence

New Belgium, The Bruery to Expand East Coast Presence

Colorado-headquartered New Belgium Brewing Company is said to be opening a taproom at Mohegan Sun next month, according to a press release issued by the Connecticut casino and resort. Meanwhile, Southern California’s The Bruery today announced that it would open a brick-and-mortar store in Washington, D.C., in November.

Green Flash Acquires Nebraska-Based Production Facility

Green Flash Acquires Nebraska-Based Production Facility

Green Flash Brewing Co. announced plans today to open a third brewery — this time in the Midwest. The San Diego-headquartered company has acquired a 10,000 sq. ft., 10,000-barrel production facility with a tasting room and restaurant in Lincoln, Nebraska.

Nielsen: Beer Growth Trailing Wine and Spirits

Nielsen: Beer Growth Trailing Wine and Spirits

New data from market research firm Nielsen confirms what many beer executives have long feared: The beer category is continuing to cede sales to wine and spirits. On-premise volume sales of beer over the 52-week period ending June 17 were down more than 2 percent, according to a new Nielsen report outlining the latest beverage alcohol trends.

BrewDog Secures $7 Million in Crowdfunding Campaign

BrewDog Secures $7 Million in Crowdfunding Campaign

Nearly a year after launching its “Equity for Punks” USA crowdfunding scheme, Scottish craft beer company BrewDog PLC has announced that it raised $7 million, falling considerably short of a stated $50 million target.

ZX Ventures Funds Development of New Non-Alcoholic Beverage Made From Spent Grain

ZX Ventures Funds Development of New Non-Alcoholic Beverage Made From Spent Grain

In an effort to find a different use for spent grain — a byproduct of the beer brewing process – Anheuser-Busch InBev, via its ZX Ventures ‘global disruptive growth group,’ has backed a non-alcoholic beverage startup hoping to turn leftover malt into a drinkable product. A-B is hoping that a proprietary fermentation process, developed internally, can transform at least some of the nearly 8 billion pounds of spent grain produced across the beer industry each year into an isolate that will be used in a new line of plant-based barley beverages called “Canvas.”

4 Breweries Close Their Doors in 2-Week Span

4 Breweries Close Their Doors in 2-Week Span

Four craft breweries have shuttered in less than two weeks, the most well-known of which, Rubicon Brewing Company, had operated in Sacramento for nearly 30 years.

With Funky Buddha Purchase, Constellation Shifts Acquisition Strategy to ‘Local Brands’

With Funky Buddha Purchase, Constellation Shifts Acquisition Strategy to ‘Local Brands’

Constellation Brands has acquired fast-growing Florida-based craft beer producer Funky Buddha and, in the process, formed a new “High End Craft and Specialty” business group specifically tasked with overseeing the company’s present and future craft brewery purchases. Financial terms of the deal, which closed yesterday, were not disclosed. The structure is similar to Constellation’s 2015 purchase of San Diego’s Ballast Point Brewing, which was worth $1 billion, Brewbound understands. A sale price was not disclosed, but the all-cash deal is for 100 percent of the company, according to KC Sentz, who co-founded the brewery with his brother Ryan Sentz.

Constellation Brands Acquires Funky Buddha

Constellation Brands Acquires Funky Buddha

Constellation Brands today announced the acquisition of Florida-based Funky Buddha Brewery. Terms of the deal were not disclosed.