10 Barrel Brewing is making its first major push outside of the western region since selling to Anheuser-Busch InBev 18 months ago. Previously distributed in California, Oregon, Washington, Colorado, Nevada, Hawaii, Alaska and Montana, 10 Barrel has partnered with about 20 A-B wholesalers in a handful of new craft-centric markets, including New York City, Boston and Minneapolis, co-founders Chris and Jeremy Cox told Brewbound.
Hardywood Park Craft Brewery is expanding once again. The Richmond, Virginia-based brewery yesterday shared plans to open a new brewery and taproom in Charlottesville later this year. The announcement comes less than one year after the company said it would build a new $28 million production campus alongside Virginia’s Tuckahoe Creek.
When the millionaire owner of the fifth largest beer supplier in the U.S. stands on stage in front of hundreds of beer distributors and describes his company as a “small, upstart, underdog brewer,” it’s extremely hard not to roll your eyes. But that doesn’t mean Kashper, who together with TSG Consumer Partners, a private equity firm with offices in San Francisco and New York City, purchased the 172 year-old Pabst Brewing Company at the end of 2014, isn’t thinking like an entrepreneur.
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Brewbound is pleased to announce its initial lineup of speakers for the 2016 Brewbound Session, taking place on June 9 at the Liberty Warehouse in Brooklyn. The Brewbound Session, a full-day business conference for beer industry professionals, will provide craft brewery owners with an opportunity to learn and network with hundreds of like-minded brewers, distributors, retailers and investors.
Shares of Boston Beer (SAM) hit a 52-week low today, with stocks plummeting more than 8 percent after the company reported subpar first quarter earnings following yesterday’s market close. As a result, the nation’s second largest craft beer company lowered its expectations for 2016 during a formal earnings call with investors and analysts last evening — reporting sales well below previously projected targets for the first quarter of the year.
Talk about having your finger on the pulse: Anheuser-Busch InBev will wholly acquire one of Italy’s most popular craft breweries, Birra del Borgo. Terms of the transaction were not disclosed and Birra del Borgo founder Leonardo Di Vincenzo will continue to serve as CEO.
Pabst Brewing is one of the few companies that could put Star Wars’ smoothest space traveler, a nationally acclaimed barbecue pitmaster and hundreds of beer wholesalers in the same room without the entire event feeling like an the illegitimate love child of Comic-Con and South by Southwest. Maybe it helped that the scene was in Milwaukee: that’s where the country’s fifth largest beer supplier hosted, for the first time in about three decades, a rather lavish and impressive national distributor convention.
The iconic Brooklyn Brewery brand is getting a makeover for the first time in 28 years. The company this week announced the launch of a full-scale revamp for its entire line of packaged products.
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Makeovers ares the name of the game in craft these days, even for relative newcomers like Ninkasi Brewing. The Oregon-based craft brewery, which was founded in 2006, this month will rollout rebranded versions of flagship offerings Total Domination IPA, Tricerahops Double IPA and Dawn of the Red, Red IPA.
Founders Brewing Company will expand its distribution once again next month when it begins distributing in Maryland via a wholesale arrangement with Baltimore-based Legends Ltd. Distributing, a Sheehan Family Companies operation.
The sale of Devils Backbone to beer giant Anheuser-Busch InBev has had rapid aftershocks within the industry. Devils Backbone co-owner Steve Crandall, who had served on the board of the non-profit trade association and chaired the group’s market development committee, offered his resignation last Tuesday, the same day his company announced the sale to A-B, Crandall told Brewbound.
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