Brooklyn Brewery Announces Hong Kong Joint Venture
Brooklyn Brewery announced its fourth international brewing venture this week with the formation of HK Yau Brewing Company in Hong Kong.
Brooklyn Brewery announced its fourth international brewing venture this week with the formation of HK Yau Brewing Company in Hong Kong.
Constellation Brands today reported its first quarter fiscal 2018 earnings results, which were highlighted by 8 percent net beer sales growth.
Drink Craft Beer LLC, a Boston-based beer festival organizer, has purchased various assets of The Pintley Company, an events business that helped craft breweries promote their products through various meetups across the United States. Specific financial terms of the transaction, which closed earlier this month, were not disclosed, Drink Craft Beer co-founder Jeff Wharton told Brewbound.
Even though 83 percent of the beer St. Louis’ 4 Hands Brewing produces stays within Missouri borders, founder Kevin Lemp wants even more of it to remain local.
In Tuesday’s edition of Press Clips: Utah lawmakers consider the end of 3.2 beer; a study finds Michigan has the cheapest cases of beer in the nation; River North Brewery announces return to its namesake neighborhood; and more.
The Brewers Association – a not-for-profit trade group representing the interests of small and independent U.S. craft breweries – today debuted an official “independent craft brewer seal” that it hopes brewery owners will “proudly display” on packaging, marketing materials, merchandise, websites and in taproom windows, among other places. The marker is aimed at helping drinkers distinguish between beers produced by small craft beer companies and those made by multinational corporations, such as Anheuser-Busch InBev, which has purchased 10 craft breweries since 2011.
In anticipation of moving into a new production facility in late 2018, Russian River Brewing Company has put its original Sonoma County production brewery on the market.
Standard Sales Company, based in Odessa, Texas, has announced plans to purchase Falls Distributing Company in Wichita Falls, Texas. Specific financial terms were not disclosed, and the transaction, which is pending supplier approvals, is expected to close on September 1, according to a press release issued by Standard Sales Company last Friday.
In this week’s edition of Last Call: Wisconsin beverage companies form a coalition; domestic tax paid shipments up 3.8 percent in May; and more news.
On a recent visit to Connecticut, Dan Kenary, the co-founder and CEO of Boston’s Harpoon Brewery, discovered that 60 percent of the unrefrigerated beers at one retail account did not have code dates. “That’s shameful,” he exclaimed to roughly 200 beer industry professionals attending last week’s Brewbound Session business conference in New York City.
Constellation Brand’s continued effort to move Ballast Point Brewing into its so-called “Gold Network” of U.S. beer distributors took a significant leap forward this month when the San Diego-based brewery’s distribution rights were sold in its second largest market — Massachusetts.
Constellation, a cross-category alcoholic beverage company best known for selling Mexican import offerings Corona and Modelo, has confirmed to Brewbound that Ballast Point beers are no longer being sold in Massachusetts by Atlantic Beverage Distributors and the Sheehan Family Companies-owned Craft Beer Guild LLC.
Yet another established craft brewery founder has stepped away from day-to-day CEO responsibilities. Deschutes Brewery founder Gary Fish has turned his CEO position over to Michael LaLonde, who had been serving as the president and chief operating officer for the Bend, Oregon-based craft brewery.
Salt Lake City’s Uinta Brewing Company is headed for a milestone moment as the brewery looks to eclipse the 100,000 barrel threshold this year.
The number of licensed breweries in Virginia has grown 468 percent since 2012, Gov. Terry McAuliffe announced last week. In a press release, Gov. McAuliffe said Virginia was now home to 206 licensed beer companies, ranking the mid-Atlantic state no. 13 in the U.S. for number of breweries.