Father-and-son Bruce and Andy Rhine have acquired a majority stake in Bend, Oregon-based Cascade Lakes Brewing, the company announced Tuesday. Speaking with Brewbound, Andy Rhine said he and his father purchased ownership stakes held by previous owners Rick Orazetti and Doug and Ron Kutella. The Rhines now own 75 percent of the 25-year-old company.
In this week’s Last Call: Anchor workers vote to unionize; Texas beer distributor opposes to-go sales; Utah lawmakers agree on stronger beer bill; Instacart offers alcohol delivery service to 40 Million U.S. households; and more industry news.
Diversified Metal Engineering (DME) has returned from the brink of collapse. CIMC Enric Tank & Process B.V. yesterday closed on a deal to acquire the financially troubled Canadian brewing equipment manufacturer.
In this week’s edition of Last Call: Actual Brewing files for bankruptcy; beer sales grow in January; Northern Eagle Beverage acquires New Jersey A-B wholesaler; class-action lawsuit filed against Molson Coors; and more industry news.
Anheuser-Busch InBev today announced the purchase of fast-growing Cutwater Spirits, a craft distilling venture that was originally born inside of Ballast Point Brewing & Spirits. Specific financial terms of the deal – A-B InBev’s first in the spirits space — were not disclosed.
One of the biggest beer wholesalers in the country is growing once again. Reyes Beverage Group subsidiary Harbor Distributing LLC last week announced an agreement to acquire the assets of Central Coast Distributing LLC in Santa Maria, California.
ZX Ventures, Anheuser-Busch InBev’s venture capital arm, has acquired the remaining portion of beer ratings website RateBeer.com that it did not already own. Financial terms of the deal were not announced, but a spokesperson for ZX Ventures said the transaction had closed.
In this week’s edition of Last Call: Asahi announces plans to acquire London Pride maker; U.S. beer shipments decline in 2018; Charlie Papazian exits the Brewers Association; Clare Rose lays off 14 employees; and more industry news.
Portland, Oregon-headquartered Columbia Distributing will acquire a majority of the assets from Graybeal Distributing in Eastern Oregon. A purchase price was not disclosed.
Industry headwinds, brewery acquisitions, the emerging cannabis sector, and the seemingly never ending battle between big and small beer makers were the focus of Brewbound’s most-read stories of 2018.
In this week’s edition of Last Call: Schlafly apologizes to 4 Hands for executive’s hit piece; Costco discontinues Kirkland Light; the equipment of Olde Saratoga is sold piecemeal at auction for about $1 million; and more beer industry news.
In this week’s edition of Last Call: Craft Beer Guild appeals a $2.6 million ‘pay-to-play’ fine; 4,000 craft brewers have adopted the Brewers Association’s independent seal; the TTB fines a Miami A-B wholesaler $1.5 million; and more beer industry news.
In this week’s edition of Last Call: The California ABC uncovers brewpub violations; more than 1,200 beer companies join Sierra Nevada wildfire relief effort; Wiseacre sells stake to family office; Duvel Moortgat invests in London kombucha company; and more industry news from the week.
After four years of discussions with Sixpoint Brewery founder Shane Welch, Artisanal Brewing Ventures (ABV) finally completed a deal to purchase 100 percent of his Brooklyn-based craft brewery this week. Even though ABV had been courting Sixpoint for several years, it wasn’t until this summer when negotiations really began to heat up, John Coleman, CEO of ABV, told Brewbound.