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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.
The U.S. Department of Justice is seeking additional information and documentation from Anheuser-Busch InBev and Craft Brew Alliance (CBA) as the two companies work toward a planned merger that was announced last November, according to a filing this morning with the U.S. Securities and Exchange Commission.
The long-rumored exit of Anheuser-Busch InBev CFO Felipe Dutra was officially announced today. The world’s largest beer manufacturer revealed that Dutra will step down from his role as chief financial and technology officer, effective April 29 following the company’s annual shareholder meeting.
Super Bowl draft beer consumption declined 1.3% in 2020 compared to last year’s game day, according to technology company BeerBoard, which tracks on-premise sales. At on-premise accounts Beer Board tracks, Michelob Ultra volume sales increased 28.7% over last year; total IPA volume was up 28%.
Stoudts Brewing Company will cease operations at the end of the winter, as founder Carol Stoudt retires after 33 years, according to a press release. The California Bureau of Alcoholic Beverage Control has suspended San Francisco-based Seven Stills Brewery and Distillery’s operating license for 90 days for violating the state’s tied house laws, according to a report from SFGate.com.
Sunday’s Super Bowl between the Kansas City Chiefs and San Francisco 49ers in Miami marks the first major beer-drinking occasion of 2020. In 2019, U.S. consumers spent $1.2 billion on beer at off-premise retailers in the two weeks leading up to the game between the Los Angeles Rams and New England Patriots, according to market research firm Nielsen. Those sales were roughly flat, though, down 0.5%, compared to 2018.
The 14,000 sq. ft. Samuel Adams Taproom has been a couple of years in the offing, located about 20 yards from the statue of the beer brand’s namesake, a Founding Father and revolutionary. Historic ground, indeed, but also a bit of a cursed location for previous tenants.
Molson Coors Beverage Company today announced plans to fully acquire Atwater Brewery, a transaction that has been discussed on and off for the last couple of years, according to Mark Rieth, who has owned the Detroit craft brewery outright since 2005.
Molson Coors Beverage Company’s craft arm, Tenth and Blake, has reached an agreement to acquire Detroit, Michigan-based Atwater Brewing. Terms of the deal were not disclosed but the deal is expected to close in the next couple of months.
Long-time brewmaster Andy Schwartz has landed the top brewing job at Milford, Connecticut-based Dockside Brewery. Milford, Delaware-based Mispillion River Brewing has hired Claus Hagelman as its new director of sales. Non-alcoholic craft brewery Athletic Brewing has hired Rosalie Kennedy as its first marketing manager.
Constellation Brands’ beer portfolio recorded another period of growth in shipments, depletions and net sales, the Victor, New York-headquartered beer, wine and spirits company announced today during its fiscal year 2020 third quarter earnings report.
Boston Beer Company has reformulated yet another of its top offerings. The company announced today the reformulation of its Samuel Adams Cold Snap spring seasonal release. The recipe tweak follows changes made last year to the formulas for Samuel Adams Summer Ale and every Truly Hard Seltzer flavor.
Molson Coors Beverage Company announced plans to cease production at its facility in Irwindale, California, by September 2020. The second largest U.S. beer manufacturer also announced an agreement with Pabst Brewing Co., giving the Los Angeles-headquartered beer company the option to purchase the Irwindale facility for $150 million.
In this week’s edition of Last Call: A New York bill would double the state’s excise tax; the Indiana cold beer sales effort will resume; U.S. cider trade group changes name; Silver Eagle distributes 1 million cases of Karbach beer in Houston; C Squared moves; and Backlash exits taproom.
Heineken USA (HUSA) is giving away 1,000 31-packs of its non-alcoholic beer, Heineken 0.0, as part of a campaign to win beer-drinking occasions during “Dry January.”
