Dear Client: A small craft brewer out of Colorado is gearing up for a big expansion. That’s right, Prost Brewing, a 10-year-old brewer specializing in German-style beers, shared this week that it “plans to invest $25 million over the next ten years to bring their corporate headquarters, regional production, distribution center, and their largest … Continue reading "Colorado’s Prost Brewing Embarks on $25 Million Expansion Project"
Dear Client: Wyoming's Melvin Brewing is seeking a "strategic partner" to help "support and assist with current growth initiatives." Involved sources tell CBD the roughly 30,000-barrel brewer seeks to dig deeper in its existing 20-state, Western-centric footprint. There's also an interesting pub partner involved. Banking advisory firm GLC Advisors & Co. and marketing strategist … Continue reading "Wyoming’s Melvin Brewing Exploring “Strategic Alternatives”"
Dear Client: After a little controversy and a week-long delay, the Orange County Superior Court has named the official "winner" of the Modern Times auction. Indeed, Brewery X, the company named the 'winning bidder' following the auction earlier this month, gained the Court’s ultimate approval on Friday, with a $20 million bid for the … Continue reading "Modern Times’ Sale to Brewery X a Go, Says Court"
Dear Client: The Texas Alcoholic Beverage Commission’s fight to prevent CANarchy from participating in Texas to-go sales has come up short yet again. Indeed, the agency’s latest appeal to the U.S. Court of Appeals for the Fifth Circuit was shot down by Judge Cory Wilson earlier this week in a 14-page ruling that’s making … Continue reading "Fifth Circuit Sides with CANarchy in Texas To-Go Fight"
Dear Client: As BBD broke news this a.m., Harpoon parent Co. Mass. Bay Brewing has an agreement in principle to acquire 30-plus year Vermont brewer, Long Trail Brewing Co., plus their Otter Creek and Shed brands. Price wasn't disclosed. As part of the agreement, Mass. Bay Brewing Company (part ESOP), will continue to operate … Continue reading "Behind Mass Bay’s Agreement to Buy Long Trail"
Dear Client: You might be surprised to hear that for all the players that have thrown their hat into the hard seltzer ring over the past few years, many have done so without carrying a “premium” badge. Indeed, at our Summit earlier this year, IWSR’s Brandy Rand and IRI’s Scott Scanlon highlighted that premiumization … Continue reading "The Brand Looking to be “The Next Step” In Hard Seltzer"