Archive for November, 2007

Redhook, Widmer agree to merger

Tuesday, November 13th, 2007

Widmer Brothers Brewing and Redhook Ale Brewery will merge, creating a new company to be called the Craft Brewers Alliance. Logistically it’s a buyout, with Redhook issuing 8 million new shares and paying about $50 million in stock to Widmer Brothers, which is privately held. Anheuser-Busch owns about a third of each company and will […]

Prince Charles drops by the brewery

Tuesday, November 13th, 2007

It’s always a good day at the brewery when a prince drops by. Prince Charles recently visited Oxfordshire’s Wychwood Brewery, because that’s where his Duchy Originals Organic Ales are brewed. Rupert Thompson, Wychwood Brewery’s managing director pictured with Prince Charles, introduced him to the Wychwood brewing team as well as hop growers and maltsters. “We […]

Utopias tops spirits in blind tasting

Monday, November 12th, 2007

Samuel Adams Utopias outscored two highly rated spirits last week in a blind tasting in Chicago. The 2007 batch of Utopias, checking in at a beer-record 27% abv, lined up against Frapin VIP XO Grand Champagne and Fonseca 1994 Vintage Port from Portugal in an event at David Burke’s Primehouse Restaurant. Utopias received a total […]

InBev feels pressure of rising cost of hops, malt

Thursday, November 8th, 2007

Although brewing giant InBev’s profits increased in the third quarter, its stock took a hit because those were short of expectations – and the company warned that the increasing cost of ingredients will cut into profits next year. The company reported rising sales in Latin America and Russia while sales in western Europe slumped. Sales […]

Boston Beer earnings disappoint; stock slumps

Wednesday, November 7th, 2007

Boston Beer Co.’s share price slumped more than 25% Tuesday following the brewer’s announcement of disappointing third-quarter earnings that included a $3.9 million charge related to a federal tax audit that reduced earnings by 18 cents per share. Stock of the brewer of Samuel Adams beer closed at $38.55, down $13.15 for the day, after […]

Beer wars? A-B defends its Clydesdales, Dalmation

Wednesday, November 7th, 2007

The Associated Press asks if the beer wars are back. It appears that Anheuser-Busch might have been inclined not to respond to the latest advertisements from Miller Brewing about Miller Lite having more taste than Bud Light, but when Miller insulted A-B’s dog that was too much. Milwaukee-based Miller’s new ad for Miller Lite, unveiled […]

Battle of the Beer Towns for new HQ

Tuesday, November 6th, 2007

If all goes as planned, Miller and Coors will merge their U.S. operations in 2008, but the companies have not yet decided whether the headquarters of the MillerCoors joint venture will be in Milwaukee or in the Denver area. The Milwaukee Journal Sentinel compares the advantages of each town. Their focus is on things like […]