Archive for the 'Breweries' Category

Bank forecloses, Green Flash sold

Tuesday, April 3rd, 2018

During a week in which it closed two brewing facilities, Green Flash brewery has been purchased by a new investor group. The company’s principal lender foreclosed on the San Diego brewery, then sold it to a group of investors called WC IPA LLC. The announcement of the sale comes just a week after Green Flash […]

Smaller breweries drive craft growth

Tuesday, March 27th, 2018

The number of operating breweries in the United States grew 16% in 2017 and smaller breweries generally fared better than large ones. Total beer sales declined 1% for the year, while craft (as defined by the Brewers Association) beer sales grew 5%. Microbreweries, meaning ones that made 15,000 barrels or less, and brewpubs delivered 76% […]

Fuller’s buys Sussex craft brewery

Tuesday, February 20th, 2018

Fuller Smith & Turner — the oldest brewery in London and operator of an international brand — has purchased Dark Star Brewing in Sussex. Terms of the sale were not revealed. “The deal means we will continue to do what we do, but gives us huge opportunities to brew more one-off small batch beers hand-in-hand […]

City of Portland yields to local brewery

Tuesday, January 23rd, 2018

The city of Portland has abandoned an effort to take away a local brewery’s right to using an iconic logo. Old Town Brewing secured the exclusive rights to use the leaping deer logo found on the city-owned Portland, Oregon, sign in 2012. The city hired a private trademark attorney and spent four years contesting Old […]

Lagunitas won’t reopen Charleston brewery

Friday, January 19th, 2018

Lagunitas Brewing will not reopen the Charleston, S.C., brewpub it took over in 2016 and was forced to close last year because it needed repairs. The company realized that renovating the building would cost too much to be worth it, company spokeswoman Karen Hamilton informed the The Post and Courier. The building was constructed in […]

Smuttynose Brewing to be sold at auction

Thursday, January 18th, 2018

Smuttynose Brewing Co., founded in 1994 and the largest craft brewery in New Hampshire, will be sold at bank auction March 9 unless a buyer is found before. The company employs 68 people and generates more than $10 million in revenue a year. The sale includes the Smuttynose brand, its facility on the historic Towle […]

Green Flash pulls out of 32 markets

Monday, January 15th, 2018

Green Flash Brewing, which operates breweries on both coasts, announced it will withdraw distribution from 32 states and reduce its workforce by 15%. “We were doing pretty well close to the breweries, and in some strategic markets we had some strongholds, but we had a lot of territory that was in pretty steady decline,” co-founder […]