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Jay R. Brooks on Beer

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ABI Buys Brouwerij Bosteels

September 8, 2016 By Jay Brooks

bosteels ABI
I was at a conference in Sacramento most of the day, but it was hard to escape the jaw-dropping news that Anheuser-Busch InBev has acquired another brewery to add to its growing portfolio. That kind of news is becoming almost routine, but this time the brewery they bought is a little surprising. Brouwerij Bosteels, who until this deal was a member of the Belgian Family Brewers, makes a trio of high profile, well-known beers: Kwak, Tripel Karmeliet and DeuS. Until now, the brewery had been in the same family — the Bosteels — for over 200 years, and seven generations, having been founded Evarist Bosteels in 1791.

While the price was not disclosed, the rumor is $225 million, or “15 times enterprise value to Ebitda,” according to The Street, by way of reports coming out of Belgium. Antoine Bosteels will continue to run the family business

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Antoine Bosteels (center, with his father to the right) during a visit to the brewery in 2013.

Via Craft Business Daily, Korneel Warlop, who is the Manager External Communication BeLux & Global at Anheuser-Busch InBev, said “Bosteels will continue brewing its heritage brands Tripel Karmeliet, Kwak and DeuS in the original brewery in Buggenhout, Belgium.

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The Bosteels brewery during a second trip there, also in 2013.

Filed Under: Breweries, News Tagged With: Anheuser-Busch InBev, Announcements, Belgium, Business, Press Release

Budweiser Tries To Rebrand Itself As “America”

May 10, 2016 By Jay Brooks

bud-stature-liberty
The original Anheuser-Busch considered itself a quintessentially American company, and it many ways it was. Run by the same family for generations from their mansions in St. Louis, Missouri, in the heartland of America, it was easy for the German-American Busch family to position Budweiser as the ultimate American beer. And they rarely shied away from making such associations. From early on, the Budweiser label was red, white and blue and they used that to their advantage on numerous occasions. During my lifetime, countless times their advertising played on that patriotism, using patriotic iconography in their POS and marketing.

But I imagine this latest campaign may be going a little too far for many people. They filed, and received, label approval on April 11, 2016 from the TTB with application OMB No. 1513-0020 for a new label. That new label will try to rebrand the new Anheuser-Busch InBev, no longer an American company with international roots in Brazil and Belgium, as “America.” No, seriously, they’re actually going to call Budweiser “America,” at least for the summer. According to AdAge:

A-B InBev on Tuesday, May 10, confirmed the limited-edition label change, saying “America” would replace “Budweiser” on the front of 12-oz. cans and bottles. The packaging will run from May 23 through election season in November, the brewer stated. The agency that handled the design change is Jones Knowles Ritchie, New York. The packaging will be accompanied by a summer-long campaign called “America is in Your Hands.” A national TV spot featuring the cans and bottles will premiere on June 1.

And it’s not just that title, the new label is riddled with patriotic associations. It’s an amazing piece of propaganda, and not in any way subtle.

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This is the image that accompanied the TTB label application.

Will this work? Can the international conglomerate poised to swallow up SABMiller — who’s already the world’s largest beer company — be able to convince Americans that they’re still your blue collar friend? That they’re still America’s beer? It feels like a tough sell, but if I’ve learned anything in my five decades consuming advertising it’s that people are incredibly gullible. Many people don’t care who owns Budweiser. Many people don’t care, or perhaps even know, that Budweiser is owned by a ginormous international conglomerate. They’ve been Bud drinkers as long as they can remember, and they have too many other things they care more about than thinking about what beer they’re drinking. I think because we live in such a beer bubble that we sometimes forget that most people don’t care about the industry as deeply as we do.

It seems like ABI has become far more aggressive lately in how they’re trying to position their brand. Part of that seems like desperation at their shrinking market, but being the world’s 25th most valuable brand, worth an estimated $22.3 billion alone (never mind the rest of the company), still makes them the 800-pound gorilla. And that sort of size would make anyone aggressive, with no one else remotely close to their size. I’m certainly curious to see this play out. Will there be a backlash? My guess is no. They’ll be some fiery condemnations on the interwebs, perhaps a few stories on television, and then it will die down. Bud drinkers will just continue drinking their beer of choice. And I’m willing to bet at least a few won’t even notice the change. It will certainly appeal to a certain jingoist bent that many Americans are prone to, the people who believe America is always number one in everything, and anybody who says differently is a commie; the same people who used to say “America, love it or leave it.”

bud-to-america-cans

ABI released a statement today entitled “Budweiser Emblazons America On Cans And Bottles To Kick Off Its Most Patriotic Summer Ever” with the details on their new ad campaign.

America’s No. 1 full-flavored lager is taking its longstanding tradition of patriotic packaging even further this summer by replacing “Budweiser” with “America” on the front of its 12-oz. cans and bottles. The brand is also modifying Budweiser’s iconic label to add copy that is central to American history, including phrases from the Pledge of Allegiance and lyrics from “The Star Spangled Banner” and “America the Beautiful.” On shelves nationwide from May 23 through the election in November, these cans and bottles aim to inspire drinkers to celebrate America and Budweiser’s shared values of freedom and authenticity.

Designed in partnership with Jones Knowles Ritchie New York, Budweiser’s bold new look serves as the focal point for its summer-long campaign—“America is in Your Hands”—which reminds people from sea to shining sea to embrace the optimism upon which the country was first built. The “America” cans and bottles will star in the brand’s new national TV spot, premiering June 1.

“We are embarking on what should be the most patriotic summer that this generation has ever seen, with Copa America Centenario being held on U.S. soil for the first time, Team USA competing at the Rio 2016 Olympic and Paralympic Games,” said Ricardo Marques, vice president, Budweiser. “Budweiser has always strived to embody America in a bottle, and we’re honored to salute this great nation where our beer has been passionately brewed for the past 140 years.”

The “America is in Your Hands” campaign will come to life this summer during culturally relevant moments where Budweiser will be present, including Fourth of July celebrations, the Copa America Centenario soccer tournament, the 100th anniversary of the National Park Service, and events to celebrate the brand’s six Team Budweiser athletes competing to appear in the Rio 2016 Olympic and Paralympic Games. The campaign will include billboards, murals, digital content, and retail activations along with additional surprises to be revealed throughout the summer.

Budweiser is also unveiling new cans and bottles featuring a magnified view of the Statue of Liberty’s torch, inspired by Team Budweiser, the brand’s six Olympic and Paralympic hopefuls. On shelves from May 23 through mid-September, the “Torch” packaging will be available in 16-oz. and 25-oz. cans, along with 16-oz. aluminum bottles.

bud-to-america-bottle

Is this the new face of American beer? I suspect not, but only time will tell how many Americans will fall for it.

Filed Under: Beers, Breweries, Editorial, Politics & Law Tagged With: Advertising, Anheuser-Busch InBev, Packaging

ABI Buys Birra Del Borgo

April 23, 2016 By Jay Brooks

ABI birra-del-borgo-blk
Anheuser-Busch InBev announced yesterday that they’ve notched another brewery, this time it’s Italy’s celebrated Birra del Borgo. Under the terms of the deal, Birra del Borgo will become a wholly-owned subsidiary of AB InBev, though the price was not disclosed.

From the press release:

Birra del Borgo is happy to announce that it has decided to partner with Anheuser-Busch InBev (AB InBev). The partnership will give Birra del Borgo, one of the leading craft brewers in Italy, a unique opportunity to make the necessary investments for expansion while continuing to independently manage its business and define how to grow.

AB InBev will provide the support to allow Birra de Borgo to expand its brewery know how and infrastructure, continue to innovate and bring new great beers on the market through its distribution system. Founder Leonardo Di Vincenzo will continue to lead Birra Del Borgo as CEO of the company.

In 2005, Birra Del Borgo was founded by Leonardo Di Vincenzo in Borgorose, a small town in the province of Rieti on the border between Lazio and Abruzzo in Italy. Leonardo started brewing beer at home for enjoyment while at University studying biochemistry. He traveled frequently throughout Europe to explore the traditional beer styles; getting to know the German and Belgium master brewers was crucial to his education. One of Leonardo’s most formative experiences was brewing at the Starbess brewery in Rome, which later led to his conception of Birra del Borgo. Leonardo’s initial inspiration comes from English & Belgian beers, but he then reinvented the styles to root them in the Italian gastronomy culture. Leonardo currently produces ten beers year round, some famous such as ReAle, Duchessa, DucAle. Other Birra del Borgo products include 4 Seasonals inspired by local ingredients and several unique beers brewed with original techniques, under the “Bizzarre” family. Leo’s inspiration is dictated by the moment and seasonality related to the main ingredient, with a passion to reinvent styles and push boundaries.

Leonardo will remain the CEO of Birra Del Borgo.

Leonardo Di Vincenzo said: “Our voyage since we started in 2005 has been a great adventure. Today the beer sector has become very competitive and it necessary for us to make a next step to ensure that we can continue to evolve in terms of brewing techniques and in terms of the complexity and taste variation we can offer to consumers. We believe partnering with AB InBev is a great opportunity to do exactly that: it will allow Birra del Borgo to grow in a sustainable way while staying true to our unique identity and the philosophy that we have followed since the very beginning.

The partnership with AB InBev will bring us many advantages, from technological improvements and access to scientific research to the possibility to grow from a commercial point of view. Moreover, this partnership also means that we will be able to focus much more on what we enjoy most and do best: creating and experimenting with exciting new beers and pushing the boundaries of beer evolution in Italy.

He added: “We will continue brewing all of our beers in Borgorose, which will allow us to grow by continuing to invest in our local community, as we have always done. At Birra del Borgo, we have a great team with enormous enthusiasm and love for what we do every day. It is with this team that we start this exciting second chapter in Birra del Borgo’s history. The heart and soul of Birra del Borgo will remain unchanged and it is with the very same passion and love for beer that we will continue Re(Thinking) Ale”.

Simon Wuestenberg, Country Director for AB InBev Italia, said: “We have been very impressed by what Leonardo and his team have built since 2005. They have been at the forefront of redefining beer in Italy, bringing a unique mix of inspired innovation, quality and consistency. Leonardo’s vision for beer and his passion for brewing will be great inspirations to our whole team, and we’re very excited about partnering up and growing together. As a challenger on the Italian market, we have been successfully developing our business with a great portfolio of premium and specialty brands in the last few years. Today, that portfolio becomes even stronger with some of the best of “Made in Italy.”

del-borgo-2016

Filed Under: Breweries, News, Politics & Law Tagged With: Anheuser-Busch InBev, Business, Italy

Asahi Buys Grolsch, Peroni & Meantime

April 19, 2016 By Jay Brooks

asahi grolsch peroni meantime
Business Insider is reporting that Anheuser-Busch InBev, who’s in the process of closing the deal for SABMiller, agreed to sell off Grolsh, Peroni and Meantime Brewing, which is part of SABMiller’s portfolio, most likely in order to smooth the regulatory approvals necessary to close the transaction. In fact, this deal in contingent on the other one, so that if the ABI/SABMiller deals fall apart, then this one won’t go through either and they’ll remain part of SABMiller.

SABMiller posted a short press release today:

SABMiller plc (“SABMiller”) has been informed by Anheuser Busch InBev SA/NV (“AB InBev”) that following its announcement on 10 February, it has accepted the binding offer from Asahi Group Holdings, Ltd (“Asahi”) to acquire certain of SABMiller’s European premium brands and their related businesses (excluding certain US rights), following completion of the relevant employee information and consultation processes applicable to the sale of these brands and businesses.

The acquisition by Asahi of these premium brands and related businesses (comprised of the Peroni, Grolsch and Meantime brand families and related businesses in Italy, the Netherlands, the UK and internationally (“the Business”)) is conditional on the successful closing of the recommended acquisition of SABMiller by AB InBev as announced on 11 November 2015, which itself contains certain regulatory pre-conditions and conditions, and the approval by the European Commission of Asahi as a purchaser of the Business.

SABMiller-minus-GMP

Filed Under: Breweries, News Tagged With: Anheuser-Busch InBev, Business, Japan, SABMiller

ABI Buys Devils Backbone

April 12, 2016 By Jay Brooks

ABI devils-backbone
In what’s becoming almost routine news, Anheuser-Busch InBev announced this morning the acquisition of Devils Backbone Brewing of Roseland, Virginia.

Here’s the press release:

Today, Anheuser-Busch announced an agreement to acquire Devils Backbone Brewing Company, the leading and fastest-growing craft brewery in the state of Virginia. Devils Backbone will be the latest partner to join the diverse portfolio of craft breweries within The High End, the company’s business unit comprising unique craft and import brands.

“I am extremely pleased to announce the partnership of Devils Backbone Brewing Company with Anheuser-Busch. While we are joining a creative group of craft breweries in the division, Devils Backbone will retain a high level of autonomy and continue its own authentic DNA within The High End framework,” said Steve Crandall, co-founder and CEO of Devils Backbone Brewing Company. “The existing management team plans to stay on board for many years, while continuing to innovate and bring locally crafted Virginia beer to the nation.”

In 2008, founders Steve and Heidi Crandall opened the doors to Devils Backbone Brewing Company in the Virginia Heartland, after being inspired by a ski trip to northern Italy in 1991 where they had their first taste of Germanic style beer. After success with the first brewpub, Basecamp, the decision was made to break ground on the Outpost facility, in Lexington, Virginia. Originally projected to produce 10,000 barrels of beer in its first ten years, the Outpost produced almost 45,000 barrels in its first three. Steve credits much of this early success to the excellent network of distributors within his system, which is weighted heavily towards Anheuser-Busch.

“I congratulate Steve and Heidi Crandall and the entire Devils Backbone team as they partner with Anheuser-Busch,” said Virginia Governor Terry McAuliffe. “Through the strength of Anheuser-Busch’s network of distributors, Devils Backbone’s award-winning craft beer will soon be available throughout the country and beyond. I want to thank Devils Backbone for their immense contribution to Virginia’s world-class craft beer industry, and I look forward to the additional exposure for Virginia as a leading state for craft beer lovers.”

Today, the Outpost Brewery & Taproom in Lexington serves as the primary production brewery while the Basecamp Brewpub & Meadows in Roseland, serves as a visitor destination. Devils Backbone takes full advantage of the scenic 100-acre Basecamp property surrounded by the Blue Ridge Mountains, offering a variety of opportunities for guests to enjoy the outdoors. In 2015, the two locations hosted more than 500,000 guests.

“Devils Backbone has captivated beer drinkers in Virginia since opening its doors eight years ago,” said Felipe Szpigel, President, The High End. “From the beginning, they have shown creativity and talent with the great beers they brew, and they’ve been able to use the authentic offerings at Basecamp Brewpub & Meadows to cultivate a fun, outdoor lifestyle that resonates with everyone. Pair these qualities with dynamic leadership and a dream to do something bigger, and you have the recipe for an even more promising future.”

While best known for its flagship Vienna Lager, which accounted for nearly 60% of Devils Backbone volume in 2015, the portfolio also includes other award-winning year-round favorites like Eight Point IPA and Schwartz Bier. Developing beers with personality and individual integrity of flavor has helped enable Devils Backbone to win four National titles: 2014 Great American Beer Festival Mid-Size Brewery & Brew Team, 2013 Small Brewing Company & Small Brewing Company Brew Team, 2012 Small Brewpub & Small Brewpub Brewer, 2010 World Beer Cup Champion Brewery, and the Virginia Craft Brewers Fest Best of Show medals in 2015, 2014, 2013 and 2012.

First Beverage Group acted as financial advisor to Devils Backbone Brewing Company. Anheuser-Busch’s partnership with Devils Backbone is expected to close in the second quarter, subject to customary closing conditions. Terms of the agreement were not disclosed.

devilsbackbone-coaster

Filed Under: Breweries, News, Politics & Law Tagged With: Anheuser-Busch InBev, Announcements, Business, Press Release

Anheuser-Busch InBev Buys Goose Island Brewpub

February 19, 2016 By Jay Brooks

goose-island-new
The Chicago Tribune reported this morning that Anheuser-Busch InBev, who five years ago bought Goose Island Brewing, the production facility and the brand — but not the brewpubs — has announced the purchase of the original brewpub on Chicago’s Clybourn. Founder “John Hall said AB InBev was unable to buy the brewpub under Illinois law at the time of the first sale, in 2011, but also didn’t have much interest. ‘They didn’t understand the value, which they do now,’ he said.” Neither the price or terms were revealed, but apparently “Goose Island’s Fulton Street brewery will become the parent company of the brewpub on Clybourn, which Hall started in 1988 after a career in the corrugated box industry.” In December, the Wrigleyville brewpub closed, meaning ABI will now owns the entire Goose Island kit and kaboodle.

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Filed Under: Breweries, News Tagged With: Anheuser-Busch InBev, Business, Chicago

10 Barrel Hoping To Open San Diego Brewpub

February 17, 2016 By Jay Brooks

10-barrel
You’ve probably heard the rumors and the news that 10 Barrel Brewing, acquired by Anheuser-Busch InBev in 2014, is trying to open a new brewpub location, this one in San Diego, California. Today I received a press release from ABI, detailing the trouble they’ve met in trying to expand into the Southern California market. Here’s what they had to say:

This will be the first non-craft brewery, per the Brewers Association’s definition of a craft brewer, to expand into San Diego — which is already home to 117 local craft breweries, with 40 more in planning. The news has been met with strong opposition from members of San Diego’s craft beer community, including the San Diego Brewers Guild, who’s mission is to promote awareness and increase the visibility of fresh, locally brewed beer.

10 Barrel has applied for a permit to construct a brewpub in San Diego’s burgeoning East Village, at 1501 E Street, and has proposed a “full-service restaurant with accessory alcohol manufacturing.”

Today, February 17th, representatives of 10 Barrel will present on behalf of the project to the Downtown Community Planning Council (DCPC), an advisory group, and a decision is expected soon.

Apparently, the biggest opposition they’ve received is from local brewers already in the market, in the guise of the San Diego Brewers Guild. This is setting up to be an interesting battle. San Diego business owners clearly want to keep their local angle for the businesses, though how that will square with the acquisition of Saint Archer by MillerCoors remains to be seen.

Curiously, ABI’s press release also includes that opposition, in fact is more than half of what I received, giving voice to their complaints. According to them, “Representatives of the San Diego Brewers Guild, including President Emeritas Kevin Hopkins, will speak at the meeting on behalf of the Guild,” and also circulated the guild’s official statement:

“The acquisitions that transacted last year and the news of AB-InBev’s intentions to open up in San Diego through 10 Barrel highlights the fact that San Diego is truly a world-class brewing center. That reputation is due to the hard work of locally-owned breweries and the San Diego Brewers Guild. Historically, it has been independent brewers who have built the thriving beer community that San Diego is now known for around the world. The risk underlying the acquisition of breweries by large, international corporations and the risk of businesses like the proposed 10 Barrel brewpub in San Diego is that beer drinkers here may think that when they patronize these businesses, and buy and drink beer, that they are supporting the local brewing community. That is not the case. Should the 10 Barrel project open in San Diego as proposed, consumers need to know that it is owned by Anheuser-Busch and not a local craft brewery or a craft brewery in general. Now more than ever, with the introduction of non-craft breweries to San Diego’s craft landscape, it is important to continue to support locally owned and operated San Diego breweries, like the brewer members in the San Diego Brewers Guild.”

I’m a little baffled by that. Are they looking for sympathy for their cause. On one hand it’s certainly understandable that San Diego brewers would prefer to not have a carpetbagger come into their midst, but as Thorn Street Brewery owner Eric O’Connor said in a letter of opposition, “large companies have the right to open and operate where they see fit.” I’m sure I’d feel the same way, but I’m not sure what anyone could do about it. As long as consumers support the venture, it will continue to thrive. If everyone agreed to not patronize it because its ownership wasn’t local, it would likely have to close. But how realistic is that? I’m not trying to be difficult, I honestly don’t know. We all talk a good game about supporting local and not spending money with breweries who’s ownership has changed and/or is not to our individual liking. But Goose Island, 10 Barrel and even Blue Moon continue to do quite well despite all the foot stomping. And this is not a new problem. People said the same thing about Redhook and Widmer when ABI acquired just a minority interest in them in 1994, and both are still in business over twenty years later, so I’m not sure a boycott would really work, nor could this sort of hand-wringing do any good.

In O’Connor’s letter, he adds that if 10 Barrel does come, “there should be complete transparency of who the ownership is and where the money is going.” But isn’t there already? Don’t we already know that ABI owns 10 Barrel and that’s, of course, where the money will go. MillerCoors isn’t hiding the fact that they own Blue Moon, or Saint Archer. Likewise, it’s not exactly a secret who owns Goose Island, Blue Point, or Shock Top. But that’s because there’s a tiny sliver of the market that actually pays attention to who owns what. Most of the world is busy doing something else, living their lives, and drinking whatever they want, oblivious.

And believe me, my sympathies are with the San Diego brewers, but I don’t see what they can really do. ABI also included a pdf of all the complaints their plans have received, including letters from other local bars and brewers. The gist of them is that “beer drinkers here in San Diego may think that when they patronize a business like what 10 Barrel is proposing, and when they buy and drink 10 Barrel’s beer, that they are supporting the local brewing community.” And they’re probably right to be concerned about that, but I think it’s more of a problem because most people don’t care as deeply about that as we do. Mike Sardinia, president of the guild, insists “it is vital that consumers need to know that it is owned by Anheuser-Busch and not a locally operated brewery.” In his conclusion, he warns that “[i]t is important that the City not make it easy for Anheuser-Busch to open in San Diego without due diligence and without a full review of its application and its intentions with the 10 Barrel project.”

The irony there is that in the early days, small brewers were complaining that it wasn’t fair how difficult the then Big 3 (Bud, Miller and Coors) made it for them to obtain distribution, tap handles and generally succeed in a market that they dominated. I’m certainly glad we have more power now, and have, in many cases, succeeded spectacularly, but I’m still not sure this, while understandable, is the best way to use it.

Last month, Peter Rowe, in the San Diego Union-Tribune, asked rhetorically, An Anheuser-Busch brewpub for San Diego? Toward the end, he even mentions that “some threaten to picket and boycott 10 Barrel, when and if it opens,” which also seems silly. If people in San Diego, like most places, are really as supportive of local-only businesses then it will fail all by itself. But I think the real fear is that everybody loves the locals on Twitter, or Facebook, or when answering a pollster, but not when it comes to reality. Like it or not, national brands in every industry are popular precisely because they’re familiar, widely available and the same everywhere. It’s certainly true that artisanal products, like cheese, chocolate, bread, etc. are all doing great, but the big brands are still the big brands, just like with craft beer. Dents have been made, but they still have a majority marketshare.

But headlines about this from mainstream news are along the lines of Local craft brewers to Anheuser-Busch: Keep out. It feels strange to side with the big guys but it doesn’t feel like they’re doing anything particularly wrong here. I understand opposing this or even working together to promote their own local-ness as a positive attribute, but this feels like a case when turnabout isn’t fair play. We should be better than that. If San Diego brewers are making great beer — and they are — and if people in their market are willing to support them, then this is something that will take care of itself, and that, I think should be the goal.

Filed Under: Breweries, Editorial, News, Related Pleasures Tagged With: Anheuser-Busch InBev, Business, California, Press Release, San Diego

Asahi Likely To Buy Grolsch, Meantime & Peroni

February 10, 2016 By Jay Brooks

asahi grolsch meantime peroni
Anhesuer-Busch InBev has been trying to sell off their Grolsch, Meantime and Peroni, since acquiring SABMiller last year. ABI confirmed this morning that they’ve received a binding offer to purchase the three beer brands from Japan’s Asahi Breweries. According to Just Drinks, “Asahi has been granted a ‘period of exclusivity’ related to the purchase, which, AB InBev flagged, is ‘conditional on the successful closing of the recommended acquisition of SABMiller by AB InBev.'” The amount offered by Asahi is 2.55 billion euros (around $2.86 billion in U.S. dollars) and which, if accepted, would go a long way toward addressing regulatory concerns about the acquisition of SABMiller by ABI. Reuters also has more about the particulars.

DSCN3085
The Asahi Breweries headquarters in Tokyo, from a trip I took there to judge a beer competition in 2013.

Filed Under: Breweries, News, Politics & Law Tagged With: Anheuser-Busch InBev, Business

ABI Buys Breckenridge Brewery

December 22, 2015 By Jay Brooks

ABI breckenridge-circle
Sheesh, look what happens when I try to take a day off. For the third workday in a row, Anheuser-Busch InBev has announced yet another acquisition, this time it was Breckenridge Brewery of Colorado. This is becoming almost routine. Again, the price was not disclosed, and the transaction is expected to close in the first quarter of next year. Last year, the brewery ranked No. 50 on the list of the Top 50 Craft Breweries and is expected to produce around 70,000 barrels this year. Here’s the press release from ABI:

Anheuser-Busch today announced it will acquire Colorado-based Breckenridge Brewery. With this agreement, Breckenridge Brewery is the seventh craft brewery to join The High End, Anheuser-Busch’s business unit of craft and import brands.

“We’re excited about the partnership and have been encouraged to continue on our path and become more innovative moving forward,” said Todd Usry, President of Breckenridge Brewery. “I’m a believer in what The High End is focused on accomplishing and we are flattered that our team was chosen to help guide that journey. We’re looking forward to utilizing resources like decades of research and brewing expertise as we continue to create new beers.”

Available in 35 states, Breckenridge Brewery will sell approximately 70,000 barrels of beer in 2015. The new brewery and Farm House restaurant in Littleton have positioned the brewery for future growth. The brewery will continue to make its unique portfolio of beers – ranging from their Vanilla Porter, to Agave Wheat, to their core brands, seasonal specialties and barrel-aged beers.

“Breckenridge Brewery has a long history of innovation and they continue to brew new and exciting beers, from their specialty brews like the Mountain Series that celebrates the brewery’s origin as a ski town brewpub, to their planned nitro can series,” said Andy Goeler, CEO, Craft, The High End. “They are innovative and have built an amazing business that’s enabled them to get their great beers to fans across the country. We look forward to even more growth together.”

Breckenridge Brewery will join Goose Island Beer Company, Blue Point Beer Company, 10 Barrel Brewing, Elysian Brewing Company, Golden Road Brewing and Four Peaks Brewing Company as part of The High End’s craft beer portfolio.

The partnership includes the company’s new production brewery and Farm House restaurant in Littleton, and original brewpub and current innovation center in the mountain town of Breckenridge.

The current management group, Breckenridge-Wynkoop will continue to own and operate its remaining businesses including: Ale House at Amato’s in Denver, Breckenridge Ale House in Grand Junction, Breckenridge Colorado Craft in Denver, The Cherry Cricket in Denver, Mainline in Fort Collins, Phantom Canyon Brewing Co. in Colorado Springs and Wynkoop Brewing Company in Denver.

breckenridge

In addition, Breckenridge posted a letter on their website blog entitled A Letter From Your Friends at Breckenridge Brewery:

Today’s announcement of our acquisition by Anheuser-Busch’s craft and import division may come as a surprise to many of you. We want to share with you how we came to this decision, what it means to Breckenridge Brewery and to those who’ve supported us for so long.

We’ve been in this creative and dynamic industry for over 25 years, loving everything about it. That won’t change. The passion for quality and culture that got us where we are today isn’t going anywhere. We’re proud of the fact that you can find our beers in 35 states; we’ve worked hard to get our beers to as many of you as possible throughout the years. The High End, Anheuser-Busch’s craft and import division, shares the same excitement for our category and commitment to quality. We will join a group of established and innovative craft brewers as part of The High End, and we look forward to what opportunities these relationships will bring to us.

Our brewpub in Breckenridge, our Littleton brewery and its Farm House restaurant are all part of this new entity. Other properties under the Breckenridge-Wynkoop umbrella will continue to be owned and operated by B-W and are not part of this arrangement.

Of course, the same great team who helped build Breckenridge Brewery won’t be going anywhere. We are excited about the opportunity this partnership brings to all of us. We’ll continue to own decisions about the beers we create and the ingredients in them. What people relate to in this industry is authenticity. If there were plans to come in and change our employees, our culture, and our recipes, well, that would completely undermine the reason for the partnership at all. What this new partnership does offer us is access to resources that will help us continue to innovate and bring our beer to more people.

We ultimately owe our success to you, our followers and supporters. I hope you will give us the chance to prove to you over time that we will continue to be Breckenridge Brewery.

breckenridge-lineup

At this point, the only question is who will it be tomorrow?

Filed Under: Breweries, News Tagged With: Anheuser-Busch InBev, Business, Colorado

ABI Buys London’s Camden Town Brewery

December 21, 2015 By Jay Brooks

ABI camden-town
Anheuser-Busch InBev announced this morning that they were buying British brewer Camden Town Brewery, located in London. Despite having recently raised over £2.75 million through a crowdfunding campaign on Crowdcube (nearly doubling their £1.5 million target), which was purported to fund a second London brewery, Camden Town is quoted in the Guardian that “the businesses needed a major investor to fund the construction of a second brewery that will create 30 jobs.”

Jasper Cuppaidge, who founded the brewery just five years ago, also posted a short statement on their website:

The ‘craft’ brewing movement has seen incredible growth driven by innovation, quality and daring. Camden Town Brewery has been at the forefront of this revolution. The success and reputation we have built has been nothing short of incredible. That has been thanks to all of you and the great beers we’ve brewed.

To stay at the forefront of this movement and secure our future success, we have to build a bigger brewery, employ more people and gain access to an international distribution network.

We can’t do this on our own. That’s why I’m proud to say I’ve signed a deal with AB InBev.

This partnership is going to help us deliver our plans to grow. With AB InBev’s support we will expand our operations, create more jobs in London and continue to brew our great beer and get it to more drinkers. Read more here.

We are really excited about taking this opportunity to turn Camden, and the quality it stands for, from being an outstanding London brewer, to being a world famous one. We hope you are too.

If you’re one of our shareholders, we’ll be in contact soon with more details about what the news means for you. We’ll also be updating the investor site shortly with answers to questions you may have.

camden-two-sign

The terms of the deal, and the price, were not disclosed. The transaction is expected to close quickly, by January 7. Camden Town also posted a more traditional press release:

Camden Town Brewery today announced that it is partnering with Anheuser-Busch InBev (AB InBev) to pave the way for further growth and expansion. The partnership will enable Camden Town Brewery to expand its operations, bringing more of its popular canned, bottled and kegged beer to more people. The deal will see AB InBev acquire Camden Town Brewery.

Founded by Jasper Cuppaidge, the owner of The Horseshoe pub in Hampstead, Camden Town Brewery started full production in 2010. From an original staff of three people, it now employs a team of 95 and has sold 12 million pints in 2015. Their beers are available in over 1000 pubs, bars, restaurants and retailers around the UK, as well as further afield in Sweden, Australia and Japan.

The deal follows a successful bid by Camden Town Brewery to raise capital via crowd funding and will support the company’s plan to build a second brewery in London, employing 30 more people and meeting growing demand for its products. The partnership will enable Camden Town Brewery to brew more of its own distinctive beers and continue to innovate, while maintaining its focus on quality.

Jasper Cuppaidge said: “Our growth has been phenomenal. To keep up with the demand for our distinctive beers we’ve had to look at expanding our brewing capacity and team. AB InBev is going to be our strategic partner, helping us maintain the character and quality of our beers, while giving us access to the investment we need to drive Camden to being ever more successful at home and abroad.

“Opportunities like this come rarely. We believe we must have the ambition to grab this opportunity and turn Camden Town Brewery, and the quality it stands for, from being an outstanding London brewer to being a world famous one.”

Iain Newell, European Director of Specialities & Craft, AB InBev, said: “We have a passion for great beer. Camden Town is a creative business with a great range of brands that will complement our existing portfolio. We will support their ambitious plans for the future, using our expertise and global distribution network to help them get their great beer to more people.”

camden-town-brewery-mix-beer

Filed Under: Breweries, News Tagged With: Anheuser-Busch InBev, Business, England, Great Britain, London

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