Anheuser-Busch's latest acquisition of a growing craft brewer is Seattle's Elysian Brewing Co. A-B said it's buying Elysian and its four brewpubs in Seattle for an undisclosed amount. The acquisition is set to close by the end of the first quarter. A-B, which has its U.S. headquarters based in St. Louis, said Elysian will become part of its high-end portfolio.
The Daily Brew
SweetWater Brewing Company is continuing its national expansion in 2015 with the announcement it will begin flowing in both the Lone Star State and the Old Line State next month. SweetWater – which opened five new states to distribution in 2014 – will be bringing its lineup into both states starting in mid-February. SweetWater has named Silver Eagle Distributors as its distributor in Texas and Kelly Distributing, Wantz Distributing, Guy Distributing, Mitchell Beverages, Bob Hall Distributing and Eastern Shore Distributing in Maryland.
Devil’s Canyon Brewing Company announced that they have partnered with Stanislaus Distributing Company to bring their lineup to enthusiasts of craft beer in California. From their founding in 2001 until 2013, Devil’s Canyon self-distributed their products in the San Francisco Bay Area. As their beers gained in popularity, the husband and wife team of Chris and Kristiann Garrett began to look for brand-building distributors sharing their work ethic and business philosophies that would efficiently bring their products into the marketplace.
Colorado’s Oskar Blues plans to keep its foot firmly pressed on the gas pedal in 2015, aiming for another year of double-digit growth, company officials said. “I think last year when we all stated that goal of 180,000 barrels, we know that was our capacity and we went for it,” Lou Romano, national sales director said. “But it would have required everything coming together exactly in the right moment of time. This year we have a much more well thought out plan, we have the people in place and we have sat down and completed an extensive business planning process with our distributors.”
Lawmakers in several states want to ban a new powdered alcohol product before it’s even available on the market. “Palcohol” is the brand name for the new powdered alcohol that, when mixed with water, becomes a cosmopolitan, mojito, margarita or lemon drop cocktail. Powdered alcohol bans have been introduced in rapid order in states as varied as Colorado, Nebraska, Utah and Wisconsin. The actual number of states that may consider banning the product won’t be known until the deadlines for new bills are reached, but the early trend is clear.
Family Dollar Stores Inc's shareholders approved the discount retailer's deal to be bought by Dollar Tree Inc, scuppering a higher hostile offer from larger rival Dollar General Corp. About 74 percent of the total outstanding shares of Family Dollar, the No. 2 U.S. discount retailer, were voted in favor of the deal this week. Family Dollar accepted its smaller rival's cash-and-stock offer of $8.5 billion in July and later rejected a $9.1 billion all-cash offer from Dollar General, citing antitrust concerns. The biggest U.S. discount retailer then took its offer directly to Family Dollar shareholders.
Falling food and gas costs pushed down overall wholesale prices last month, evidence that cheaper oil is limiting inflation. The Labor Department said that the Producer Price Index, which measures the cost of goods and services before they reach the consumer, fell 0.2 percent in November after rising by the same amount in October. In the last 12 months, producer prices have risen just 1.4 percent, the smallest yearly increase since February.
The number of Americans filing new claims for unemployment benefits fell last week from a seven-month high, pointing to continued improvement in labor market conditions. Initial claims for state unemployment benefits slipped 10,000 to a seasonally adjusted 307,000 for the week ended January 17, the Labor Department said.
With IPAs stuffed with three, four, or sometimes 10-plus hop varieties, and new breeds debuting annually, isolating each flower’s contribution is tough. “It can be intimidating to get an IPA and see that it has five different hops,” says Flying Dog brewmaster Matt Brophy. “The label might tell you the hop varieties, but you don’t know how they taste.” The solution is single-hop beer, a drinkable lesson in flavor and aroma. By keeping the base beer the same and only tweaking one variable—the hop—breweries can offer liquid intelligence, for consumers and brewers alike.