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Southern Glazer’s Wine & Spirits’ ambitions for Anheuser-Busch InBev’s portfolio aren’t limited to New York. The wine and spirits juggernaut has struck another deal for a red network distributor, this time for the assets of Eagle Rock Distributing Co. in Colorado.
Molson Coors has struck a deal to acquire spirits-based, ready-to-drink (RTD) cocktail pioneer Atomic Brands, whose Monaco Cocktails entered the then-nascent space in 2012. The deal should come as no surprise, as it aligns with Molson Coors’ goals to expand its beyond beer portfolio, part of the Horizon 2030 plan CEO Rahul Goyal outlined earlier this year.
A pair of big red network distribution deals were announced in the last 24 hours. Anheuser-Busch InBev has agreed to purchase the distribution rights of its brands, as well as “certain craft/NA brands,” from Advance Beverage Company in Bakersfield, California. Meanwhile, Southern Glazer’s Wine & Spirits inked a deal for independent A-B distributor Clare Rose on Long Island.
Molson Coors Beverage Company has taken a minority stake in ZenWTR, the sustainably packaged bottled water brand launched earlier this year by serial entrepreneur Lance Collins, the company announced today. Terms of the transaction were not disclosed.
Ten months after it was announced, the Department of Justice has approved the merger of Craft Brew Alliance (CBA) and Anheuser-Busch InBev.
Despite out of stock issues from key suppliers, Labor Day weekend beer sales increased over the holiday weekend last year and indicate the beer category’s off-premise sales will finish the year strong, according to a report from Goldman Sachs Equity Research.
Anheuser-Busch is selling off its Colorado-based wholly owned distribution (WOD) branch. The world’s largest beer manufacturer today announced an agreement to sell its Colorado distribution operations to Norcross, Georgia-based Eagle Rock Distributing, which will expand its operations to Colorado. Terms of the deal were not disclosed. An A-B spokesperson said the company would transition more… Read more »
The leaders of D.G. Yuengling & Sons Inc. and Molson Coors Beverage Company say the smuggling of beer is alive and well. “Just as is the case with a certain brand out of Golden, Colorado, more than a few people have smuggled Yuengling across state lines in the trunk of their car,” Molson Coors CEO Gavin Hattersley said, drawing a comparison to the demand for Coors beer in the 1970s.
Two of the largest beer manufacturers in the U.S. are linking up. Molson Coors Beverage Company and D.G. Yuengling & Son announced today a joint venture and long-term brewing partnership to expand distribution of the Pottsville, Pennsylvania-headquartered brewery’s beer beyond East Coast markets.
Delivering on its promise to expand beyond alcoholic beverages into an “around the clock” beverage platform, Molson Coors Beverage Company announced this week the launch of four new non-alcoholic product lines across multiple categories that are set to begin rolling out in the coming months.
After successfully extending the Truly Hard Seltzer brand with Truly Lemonade Seltzer — which has quickly become Truly’s second-best selling SKU — Boston Beer will debut Truly Iced Tea Hard Seltzer nationwide early next year.
Another craft brewery is entering the growing craft non-alcoholic beer market. Boston Beer Company will launch a Samuel Adams branded non-alcoholic hazy IPA, Just the Haze, nationally in early 2021.
Anheuser-Busch InBev has begun the search process for replacing long-time CEO Carlos Brito, according to a report Monday in the Financial Times. The Financial Times, citing three sources with knowledge of the search, reported that A-B is “seriously considering” external candidates.
A new generation of leaders is taking the reins at New Ulm, Minnesota-based Schell’s Brewery, as Ted Marti steps down from overseeing operations at the 160-year-old brewery and hands the reins to his sons, according to the Mankato Free Press.
Just ahead of the Labor Day holiday weekend, Anheuser-Busch today launched its next hard seltzer, Bud Light Platinum Seltzer, nationwide.
Dogfish Head’s residency at Concrete Beach’s Social Hall in Miami is becoming permanent. Boston Beer senior director of local brands and taprooms, Rob Kreszswick, announced this week that the company would transition Concrete Beach’s Miami location into Dogfish Head Miami. As such, Concrete Beach’s Social Hall would close permanently and beer-to-go and e-commerce sales would cease on Saturday, September 5.
The top selling eight beer brand families have all surpassed $1 billion in sales at multi-outlet chain and convenience stores year-to-date, according to data shared by market research firm IRI, which includes sales data through August 9.
