After officially announcing its intent to takeover London-based SABMiller earlier this month, Anheuser-Busch InBev has been working to secure financing for the proposed merger of the world’s two largest beer companies. An offer could come as early as this week, reports The Sunday Times.
Massachusetts craft brewers are once again asking state officials to reform a 44-year-old state franchise law that governs the relationships between suppliers and distributors. On Tuesday, hundreds of industry stakeholders turned out for a hearing at the State House to hear comments from both wholesalers and brewers over a bill that would dramatically loosen franchise law restrictions, allowing smaller brewers more freedom to switch distributors.
Dogfish Head, the country’s 13th largest craft brewery, today announced it has sold a 15 percent stake to LNK Partners, a New York-based private equity firm that has previously invested in companies like Niman Ranch, Performance Bicycle, Beachbody and Au Bon Pain, among others. LNK will obtain one seat on Dogfish Head’s board of directors, which currently has five voting members, as well as informal advisors.
Craft Brew Alliance (CBA) is in the process of purchasing a minority stake in Nantucket, Mass.-based Cisco Brewers, CEO Andy Thomas told Brewbound on Monday. The two parties are still negotiating specific terms, but Thomas said a deal would be for less than 25 percent of the company, enabling Cisco to maintain its status as a Brewers Association-defined craft brewer.
Longtime Green Flash Brewing brewmaster Chuck Silva has resigned from the company after nearly 11 years, the brewery announced today.
Way back in 2011, Brewbound met a pair of entrepreneurs who, at the time, were planning to open a small craft brewery in South Boston under the name Critical Mass Brewing. More than four years later, the startup, now known as Castle Island Brewing, is finally on the verge of an official launch. The extended timeline of getting the project off the ground has left founder Adam Romanow with plenty of dos and don’ts. At tonight’s Brew Talks meetup, happening inside of his soon to open brewery in Norwood, Romanow will share a myriad of entrepreneurial lessons.
Day 2 of our Great American Beer Festival Coverage is already underway and, after a late night at the fest, Brewbound was up early on Friday morning to stop by Boston Beer Company’s annual beer & brunch event. Check back frequently for more small-batch news updates from the GABF media luncheon and session two of the fest, happening from 5:30 P.M. — 10:00 P.M. (MST).
The 2015 Great American Beer Festival is here and Brewbound will be walking the show floor, providing live updates from some of America’s most notable beer companies. Check back often for small-batch news updates on new product rollouts, upcoming distribution expansions and any other newsworthy bits brewery owners share with us.
Fresh off an injection of capital from private equity firm Fireman Capital, Oskar Blues today announced it will build a third production brewery and taproom in Austin, Texas. The Colorado-headquartered brewery, which also operates a secondary production facility in Brevard, North Carolina, plans to open the new outpost by April 20, 2016 (4-20…get it?)
Fast growing Modern Times Beer of San Diego yesterday announced plans to open a pilot brewery, restaurant, and specialty coffee shop in Los Angeles sometime in 2016.
Ninkasi Brewing today announced plans to further build out its presence on the East Coast by launching new distribution in Virginia and Maryland.
Anheuser-Busch InBev today announced it would acquire Los Angeles-based Golden Road Brewing. Terms of the transaction were not disclosed and the deal is expected to close before the end of the year. Golden Road launched in 2011 and expects to sell 45,000 barrels of beer this year. It is the largest craft brewery in Los Angeles.
Brewbound is pleased to announce that a trio of successful Boston-area craft brewery entrepreneurs will speak at Brew Talks New England, taking place at the soon-to-launch Castle Island Brewing in Norwood, Mass. on September 28. Trillium Brewing founder Jean-Claude Tetreault, Notch Brewing founder Chris Lohring and Jack’s Abby co-founder Sam Hendler will join Brewbound editor Chris Furnari in a panel discussion focused on brewery businesses in transition.
New Belgium’s slow ride toward a national footprint continues. The brewery today announced imminent plans to expand distribution throughout West Virginia, its 41st state, leaving it just nine shy of filling out the entire U.S. map.
