Southern Tier Brewing, a fast-growing top-50 craft brewery based in upstate New York, today announced it has sold a percentage of its business to Ulysses Management LLC, an investment firm with offices in New York City. Specific terms of the deal were not disclosed, but Southern Tier co-founder Phineas DeMink told Brewbound that he would retain a financial interest in the company and remain in a leadership role.
Through the first nine months of this year, IRI numbers are once again telling a familiar story: Craft and cider continue to carry the beer segment’s growth across multi-outlet and convenience channels (MULC) with dollar sales swelling 21.3 percent and 82.1 percent, respectively.
Hold on to your trucker hats, America’s most hipster beer company is reportedly being sold to the Russians. Both the Wall Street Journal and the New York Times are reporting that Pabst Brewing Company — the Los Angeles-based producer of heritage beer brands like Pabst Blue Ribbon, Lone Star and Olympia — will be sold for upwards of $750 million.
The Brewbound 2015 media kit is now available for download. The media kit details Brewbound’s editorial coverage, events, readership, advertising options, advertising rates and more. It is an important tool for helping you plan your 2015 budget.
There’s a pair of wholesaler deals in the works involving the distribution rights to a number of major brands, Brewbound has learned. In California, Nor-Cal Beverage Company will sell its beer division to Markstein Beverage. In Virginia, Reyes Beverage Group has agreed to acquire all of the assets of Kozak Beverages Inc.
How do you vie for the highly sought after attention of the millennial demographic without forsaking your loyal, long-time consumer base? That question served as the driving force behind Mendocino Brewing Co.’s branding overhaul, just the second such makeover the company has undergone in its 31 years of brewing.
Yet another U.S. craft brewer has embarked on a unique, international retail opportunity.Devils Backbone Brewing has inked an exclusive licensing arrangement with the British retail chain J D Wetherspoon plc, which owns and operates more than 900 different-branded pubs and 32 hotel locations throughout Britain.
Bill Murray has reached that rare exalted status in the pop lexicon where he could fart on a puppy and people would still love it. As such, it’s no surprise that in Portland, Maine, brewers have launched a campaign to bring the Ghostbusters star/internet meme to the city to celebrate Portland Beer Week.
Brewbound will travel to Chicago next Tuesday, Sept. 23, to host Brew Talks, an educational and networking meetup for beer industry professionals. The event, which will be hosted at the Lagunitas Brewery taproom, will feature a special, 1-on-1 conversation with Lagunitas founder, Tony Magee.
On the heels of what may go down as the worst week in the history of the National Football League (NFL), one of its largest sponsors, Anheuser-Busch (A-B), is speaking out. A-B issued a statement Tuesday expressing concern over the NFL’s handling of recent off-field incidents involving active players who are alleged to have abused women and children.
Sam Calagione and Dogfish Head are investing in a growing craft spirits segment. Calagione, who described the recent influx of small-batch spirit producers as a “revolution,” believes Dogfish, the company he founded in 1995, has an opportunity to once again extend the brand outside of the beer category.
Victory Brewing will expand distribution throughout Nevada per an agreement with Southern Wine & Spirits, the brewery announced yesterday.The company, based in Downingtown, Pa., plans to launch in Nevada on September 20. The state will be the 35th in Victory’s distribution footprint.
The rumor mill knows little downtime. After a few short months of relative inactivity, the mill’s blades are spinning again with the Wall Street Journal reporting that global beer giant Anheuser-Busch InBev is actively seeking financing for a possible takeover of SABMiller Plc. A source close to the matter told the website that A-B is waiting to secure financing for the deal, valued at roughly $122 billion, before it starts any formal discussions with SABMiller.
Finch’s Beer will expand distribution throughout North Carolina per an agreement with Mutual Distributing, the wholesaler announced last week, with an initial rollout slated for October. Initially, the brewery, which is based in Chicago, will hit the market in the greater Raleigh and Charlotte areas, but plans to gradually expand distribution to all parts of the state with its line of canned 4-packs.
