Molson Coors has acquired financially troubled London craft brewery Hop Stuff. In a blog post, Hop Stuff founder James Yeomans said the company had been facing “financial difficulties in the recent months” that forced it to enter “administration,” a process similar to bankruptcy in the U.S., on July 12.
The largest beer wholesaler in the U.S. has made another big acquisition in California. Reyes Holdings today announced that subsidiary Harbor Distributing LLC has reached an agreement to acquire DBI Beverage Inc.’s assets in Northern California. The news comes one week after Reyes sold its Reinhart Foodservice division to Performance Food Group Company for $2 billion.
In this week’s edition of Last Call: Smuttynose and Hop Valley shuffle executives; Boston Beer and Dogfish Head’s merger closes; Deschutes Brewery adds distribution in Indiana, New Jersey; Reyes Holdings sells Reinhart Foodservice for $2 billion; and more news.
Financially troubled Celis Brewery is scheduled to be auctioned off during two separate public auctions slated for July 2. According to public sale notice in the Austin American Statesman last Friday, the building housing the Austin craft brewery at 10001 Metric Boulevard will be auctioned off during a public foreclosure sale at the Travis County Courthouse on the morning of July 2.
An Illinois-headquarter maker of industrial, commercial and residential kitchen appliances has bought into the brewing equipment business. The Middleby Corporation today announced the acquisition of CM Brewing Technologies LLC, the parent company of California-based brewing system maker Ss Brewtech.
In the latest Last Call: Michigan’s Axle Brewing is searching for a buyer, as the company prepares to close its Ferndale-based taproom at the end of June. Also, Texas Gov. Greg Abbott plans to sign beer-to-go measure into law on June 15, and more industry news.
In this week’s Last Call: Heineken makes a minority investment in Amsterdam’s Oedipus; Bumble announces plans to open a brick-and-mortar bar in SoHo; the SEC lifts its ban on alcohol sales at sporting events; the future of Breckenridge’s brewpub is uncertain; and more news.
In this week’s edition of Last Call: Brewers Association CEO Bob Pease weighs in on the Boston Beer-Dogfish Head deal; Rob Tod wins a James Beard award; Bell’s and Loveland head to arbitration; the Texas Senate strips to-go-sales amendment from a bill; and more industry news.
Eight years ago, Dogfish Head and Boston Beer Company teamed up to brew a collaboration beer for the annual SAVOR craft beer and food pairing experience. Today, the two companies announced the signing of a definitive merger agreement valued at about $300 million. The deal is expected to close in the second quarter. As part of the transaction, Dogfish Head co-founders Sam and Mariah Calagione will receive about 406,000 shares of Boston Beer stock (NYSE: SAM), valued at $314.60 per share, making them the largest non-institutional shareholders in the company, behind Boston Beer founder Jim Koch.
Dan Gordon has regained majority control of Gordon Biersch Brewing Company. A new investor group assembled by Gordon has acquired the San Jose, California-based production brewery from the Fertitta family — founders of Nevada’s Station Casinos and Zuffa, the parent company of the Ultimate Fighting Championship, which sold for more $4 billion to WME-IMG in 2016.
The Schlafly family once again has controlling interest of The Saint Louis Brewery, makers of Schlafly Beer. More than seven years after acquiring a majority interest in the Saint Louis craft brewery, private equity firm Sage Capital, as well as several current and former Schlafly Beer employees, including co-founder Dan Kopman, have sold their stakes in the business to a new investor group led by David Schlafly, a real estate developer and cousin of brewery co-founder Tom Schlafly.
Rumors of financial troubles, layoffs and a possible bankruptcy filing have swirled around the Celis Brewery in Austin, Texas, for the better part of 2019, and more information about the company’s future could be revealed in the coming days. A new investor group led by a beer industry outsider is reportedly considering a deal to acquire the distressed brewery, Brewbound has learned.
Weyerbacher Brewing Company today announced the sale of a majority stake in the company to 1518 Holdings LLC, a Philadelphia-based private investment group. Speaking to Brewbound, newly named president Josh Lampe, who previously served as chief operating officer and has supplanted brewery founder Dan Weirback as the company’s leader, said 1518 Holdings had acquired a 55 percent stake in the 24-year-old business.
In the latest Press Clips: Lion acquires Magic Rock Brewing in the UK; Allagash founder Rob Tod makes James Beard finals; Russian River’s Pliny the Younger generates more than $4 million in impact; the Cleveland Indians name Great Lakes and Miller Lite official beers; and more industry news.