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
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.
A recent Beer Advocate article highlighted one aspect of Corporate Beer buyouts that really irks many fans of craft beer:
If you’re a Big Beer-affiliated brewery, own that. Don’t hide it. In your company’s “About Us” or “Brewery History” page online, don’t omit that AB InBev owns y0u… Don’t play cute about it with the press. Stop telling consumers nothing has changed. Anyone saying that is either lying or negligently naive.
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
Modern Times, one of the fastest growing breweries in the country, recently announced that they had sold a 30% stake in the company to their employees, with the eventual goal of the company being 100% employee-owned. Read MT’s announcement.
CEO and founder Jacob McKean sums up the importance of this move: Continue reading
Today the Brewer’s Association announced that they will be launching a new bottle label to help consumers identify truly Craft beer. The label will be free to use, and will be licensed only to breweries that meet the BA’s definition of a craft brewery.
This could be a game-changer. Best-case scenario, this labeling campaign makes this website obsolete.
Paste magazine recently ran a fantastic article titled Continue readingThis article debunks the most common rationalizations for selling out to Big Beer that are often given by formerly craft brewers (and their fans). This article is a great read, packed with many detailed examples and points, and I strongly recommend you read it in its entirety. Just in case, though, here’s the TLDR: