Florida’s Funky Buddha Brewery was just purchased by brewing giant Constellation Brands. Funky Buddha has been a bit of an industry darling lately, having collected five gold medals in the 2016 World Beer Cup. The brewery opened in 2013 and had recently become the second largest brewery in Florida. They are known for beers made with odd ingredients, like bacon and coconut. Continue reading
Category Archives: Brewery Purchase
Anchor goes from Craft to Crafty- and it’s ok.
The dust has settled after last week’s purchase of historic Anchor Brewing Company to brewing giant Sapporo. Here are some thoughts on why this isn’t the end of the world.
Day of Craft and Crafty Deals
On July 26th, several deals were announced in the world of craft beer. First the good: Brooklyn Brewery announced it purchased a “minority stake” in both 21st Amendment Brewery and Funkwerks. On their blog, Brooklyn stated:
By our powers combined, we’ll be able to reach new markets, bring an incredible array of beers and styles to drinkers, and continue to grow and invest in all three breweries as independent craft brewers… Yes, that means Brooklyn Lager will someday soon pour in the Bay Area, and 21st Amendment cans will roll forth along the Gulf Coast, and Funkwerks will pop up in Brooklyn.
Brewery buyouts: not just for US brewers
A recent article in Axios, Big beer is drinking up craft brewers, called attention to the problem of UK brewers getting bought up by Big Beer. In response to the latest purchase, of London Fields by the international brewhemoth Carlsberg Group, the United Kingdom’s Society of Independent Brewers asked that: Continue reading
Rate Beer bought by AB InBev
In a statement on their website, RateBeer confirmed that it had indeed sold a minority stake to ZX Ventures, AB InBev’s “growth” division.
Of immediate and obvious concern is whether the site can continue to give unbiased Continue reading
Wicked Weed confirms sale to AB Inbev
Here is Wicked Weed’s statement confirming their sale to AB InBev: Continue reading