Anheuser-Busch InBev is making its third craft brewery purchase in the last five days, today announcing the acquisition of Colorado’s Breckenridge Brewery. Specific terms of the transaction were not disclosed and the deal is expected to close during the first quarter of 2016.
Anheuser-Busch InBev is on a holiday shopping spree. Days after it purchased Arizona’s Four Peaks Brewing, the world’s largest beer company today announced a prominent international craft acquisition: London’s Camden Town Brewery.
Boston Beer Company today announced that Frank Smalla, the former senior vice president of finance for Kraft Food Groups, Inc. will join the Samuel Adams-maker as senior vice president of finance on January 4, 2016. Smalla will assume the role of chief financial officer when current CFO, William Urich, steps down in 2016, the company said.
Anheuser-Busch has made its sixth craft brewery acquisition, today announcing the purchase of Four Peaks Brewing, the largest craft brewery in Arizona. Four Peaks will join a growing roster of craft brands, including Golden Road Brewing, Elysian Brewing, 10 Barrel Brewing, Blue Point Brewing and Goose Island, all of which are now part of what A-B calls “The High End” business unit.
Colorado’s New Belgium Brewing is reportedly for sale. Reuters, citing sources familiar with the matter, said that the employee-owned brewery, the fourth-largest in the country, could be valued at more than $1 billion. The decision to explore a sale comes as sales of products like Fat Tire, the company’s flagship, and Ranger, its IPA, are waning.
Anheuser-Busch InBev today announced it would purchase Arizona’s largest craft brewery, Four Peaks Brewing. Specific terms of the transaction were not disclosed and the deal is expected to close during the first quarter of 2016. First Beverage Group acted as the financial advisor to Four Peaks and Spencer Fane provided legal counsel.
For the first time in over a decade, Dogfish Head won’t experience double-digit production volume growth, founder Sam Calagione wrote to Brewbound. In an email, Calagione explained why the company would only be up single digits in 2015: Dogfish Head’s refusal to discount product, zero new market entries and an extended search process for the company’s new vice president of sales were all reasons, Calagione said.
Yet another craft brand is revamping its look. Michigan’s Atwater Brewing today introduced a completely redesigned brand identity and a new campaign — “Born in Detroit. Raised Everywhere.” — which is aimed at setting the brewery “further apart from their competition,” the company said in a news release.
Slow growth isn’t always sexy, but it’s smart. That was the key takeaway during this month’s Brewbound Session, held on Dec. 3 in San Diego — and an idea that many of the day’s presenters honed in on as they shared advice and business lessons with nearly 250 beer industry professionals.
Founders Brewing Company is once again expanding its distribution footprint out west, inking agreements with Reyes Beverage Group and Pacific Beverage for coverage throughout Southern California. Beginning in January, the Michigan-based craft brewery will begin selling its year-round and seasonal offerings in markets like San Diego, Los Angeles, Santa Barbara and San Luis Obispo.
Brewbound is pleased to announce that complete video playback from the 2015 Brewbound Session in San Diego, Calif., is now available for viewing. The entire day is now available on the Brewbound YouTube Channel; individual segments will be published in the coming days.
Craft Brew Alliance (CBA) today named longtime board member David Lord as its next Chairman. Lord, who has served as a board member since the company was formed in 2008, will replace outgoing Chairman Kurt Widmer on January 1, 2016.
It’s last call, so grab a beer and catch up on all the news that we overlooked this week, including: Stone’s first German-made beers, a bankruptcy filing in San Francisco, yet another trademark suit and Amazon’s newest service — one-hour booze delivery.
Earlier this month, Craft Brew Alliance — which produces and markets the Redhook brand, as well as the Widmer, Kona and Omission lines of craft beers — announced plans to open a new Redhook Brewery brewpub in Seattle, the brand’s birthplace.
