CANarchy Appoints A-B Vet as CEO

Dear Client:

Today, fast-growing craft collective CANarchy has announced Tony Short to the post of CEO. He’s a vet in both supplier and distributor tiers.

The Fireman Capital-backed company, with brands like Oskar Blues, Cigar City, Perrin and more, is adding to its leadership as it continues to grow. Last year it hit 421,222 barrels, and climbed to the no. 8 position on the BA’s list Top 50 Craft Brewers for 2018.

Tony comes from big brewer stock. He joined A-B more than 30 years ago, “where he spent 24 years formulating and executing wholesaler strategy, honing distributor relationships, and gaining invaluable beer industry knowledge, eventually rising to the position of vice president of business and wholesaler development,” per release.

He’s part of the brewer’s newly cobbled corporate-y leadership lineup now. Recall that Matt Fraser, who came to the company about four years ago from financial advisory giant, Lazard Freres, was promoted from COO to president and COO last summer. Then, too, CFO and Head of Business Development, Todd Whitbeck, joined CANarchy last summer, from having been CFO of Water Pik Inc.  

“Tony’s beer mojo is exactly what CANarchy needs for this next phase of growth,” Dale Katechis, founder of Oskar Blues Brewery, said of the new appointment.   

According to CANarchy, in IRI data YTD to March 24, it is the fastest-growing craft brewery among the Top 50 (BA-defined) Craft breweries, up 31%.

WEYERBACHER ANNOUNCES RESTRUCTURING

Weyerbacher Brewing Company, Inc. has finalized a restructuring partnership with a private investment group, 1518 Holdings LLC, the Easton, PA-based brewer announced today.

As part of the restructuring, the investment group will take majority stock of Weyerbacher.

Josh Lampe will become president of the company post-restructuring. Founder and former president Dan Weirback “will continue to consult as he has for the last 3 years,” per statement.

“This is the last step in the process to investment,” Josh said. “We were hoping to get through without entering Chapter 11, but the group of investors that we;re working with felt that it was necessary in order to move forward quickly.”

Josh said they’ll add some contract brewing in the future “and will be almost doubling production this year. They’ll also ramp up offerings from the Weyerbacher Spirits line.

The brewer currently does about 16,000 barrels and is available in 24 markets.

“We’ve got a lot of really good things that are happening and this restructuring allows us to really get going with some of the projects we’ve been planning for a while.” That includes more taprooms, besides the two locations they have — one at their Easton brewery, and one at New Hope at the Ferry Market.

“We’re going to respect all of the tradition of Weyerbacher while continuing the work we’ve done over the last few years to keep innovating and creating great beer,” he said.

Until tomorrow,

Jenn, Jordan, and Harry

“Civilization begins with distillation.” — William Faulkner

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