Dear Client: The past couple of years have heralded the "summer of seltzer." But this is shaping up to be more of a summer of tea. Indeed, Boston's Twisted Tea is now the top FMB, up double digits both off- and on-premise, and even leaning into draft. As BBD reported last month, Twisted has … Continue reading "A Glimpse of Tea Trends to Come"
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: After this morning's news that Sapporo would acquire Stone for a reported $165 million, we got Stone chief Maria Stipp on the horn for more details. (Read this a.m.'s issue for more. Cliff's Notes: Sapporo is expected to produce “its Sapporo-branded beers for U.S. distribution” at Stone’s two production facilities in Escondido, … Continue reading "Maria Explains it All"
Dear Client: Massive Japanese brewer, Sapporo Holdings, has reached an agreement for its subsidiary, Sapporo U.S.A., to acquire Southern California’s own Stone Brewing. The transaction is slated to close in August, and carries a reported price tag of $165 million. Note, however, that this deal does not include Stone Distributing Company, which “will become an … Continue reading "Stone Set to Sell to Sapporo"
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"