- July 28, 2016 - Did Brexit Destroy MegaBrew?
- REUTERS (Martinne Geller)
SABMiller (SAB.L) has told employees to pause the integration of its operations with those of Anheuser-Busch InBev (ABI.BR) as the brewer's board weighs its sweetened takeover offer, two sources familiar with the matter said.
The pause is not an indication of the board's thinking, said one of the sources, who declined to be identified as the matter is private.
Still, AB InBev's U.S.-listed shares fell 3 percent and shares of Molson Coors (TAP.N), which is set to take over SAB's U.S. operations, fell 5 percent on concerns about the fate of the $100 billion-plus deal, one of the biggest in corporate history.
The world's top brewers agreed to merge late last year and for months have been engaged in back-office preparations, the sources said, aimed at smoothing the combination that was expected to start in the second half of the year when the deal was due to close.
The deal, however, has hit the rocks in recent weeks amid investor dissent over an offer made less attractive by a sharp fall in the pound following Britain's vote to leave the European Union.
In an effort to calm a stream of investor complaints, AB InBev sweetened its offer on Tuesday. That prompted SABMiller Chief Executive Alan Clark to call for a pause in "convergence planning workstreams," according to a company memo published on Wednesday by the Financial Times' blog Alphaville.
"There should be no contact with AB InBev with immediate effect, and all meetings and calls will be postponed until further notice," the memo said...
Read the complete story.
- July 26, 2016 - Brewers Association Says Craft Continues to Grow
- BA NEWS RELEASE
Craft brewers are still growing, according to new mid-year data released by the Brewers Association. American craft beer production volume increased eight percent during the first half of the year.
“While the craft brewing industry is entering a period of maturation, most markets are not near saturation,” said Bart Watson, chief economist, Brewers Association. “As craft’s base gets larger, as with any industry, it becomes more difficult for it to grow at the same percentage rate. Yet there is still tremendous dynamism reflected in eight percent growth for craft. Production growth of small and independent craft brewers continues to be one of the main bright spots for domestic beer in the U.S. Even in a more competitive market, for the vast majority of small and independent brewers, opportunities still exist.”
As of June 30, a record high of 4,656 breweries were operating in the U.S, an increase of 917 breweries over the same time period of the previous year. Additionally, there were approximately 2,200 breweries in planning. Craft brewers currently employ an estimated 121,843 full-time and part-time workers in a variety of roles including many of manufacturing jobs, all of which contribute significantly to the U.S. economy.
“The opening rate compared to closing rate for breweries remains incredibly strong, with a historic number of breweries operating in the U.S.,” added Watson. “As long as there is growing consumer demand, beer lovers’ thirst will continue to advance the category of craft brewed beer from small and independent producers.”
- July 21, 2016 - Victory Brewing Sponsors Watering Hole, a New Beer Garden at Philadelphia Zoo
- NEWS RELEASE
the Watering Hole, Philadelphia Zoo’s new environmentally friendly and sustainable beer garden, opens to the public on Friday, July 22, 2016. Sponsored by Victory Brewing Company, the al fresco oasis, located at the southern-most tip of the Zoo, will enable guests to relax and grab a refreshing, local craft beer or glass of wine during their visit to the first zoo in the nation.
Designed in partnership with Groundswell Design Group, creators of some of the most popular beer gardens in Philadelphia, the beer garden features reclaimed conversation-style seating, brightly-colored fabric umbrellas, lush landscaping, environmentally-friendly LED lighting and terra-cotta mosaic décor. Entrance to The Watering Hole is included in Zoo admission; hours of operation are Friday – Sunday from 11-4pm.
Read the complete news release here.
- July 20, 2016 - MegaBrew Approved: DOJ Clears the Way for $107 Billion Merger
- BREWBOUND (Chris Funari)
The U.S Department of Justice today announced it has agreed to a settlement with Anheuser-Busch InBev that would permit the world’s largest beer company to “proceed with its acquisition” of the world’s second-largest beer company, SABMiller.
In an effort to move forward with the $107 billion merger, and as part of the consent decree, A-B InBev agreed to a number of conditions in the U.S., including the much anticipated divestiture of MillerCoors, as well as other requirements that could impact the way small and independent brewers and beer wholesalers operate.
“With today’s agreement, we have taken a significant step forward on the transaction, which will create the world’s first truly global brewer,” Carlos Brito, the CEO of A-B InBev said via the release.
For more details on what A-B InBev had to agree to, click here.
- July 19, 2016 - Brewers of PA Announce Inaugural BrewPA
- NEWS RELEASE
Celebrating Pa. brewers, the event will be a far cry from your typical beer festival. BrewPA will run an entire weekend and feature a unique community of 80 Pennsylvania-based brewers, who will personally discuss and pour samples of their finest crafts - from Pale Ales, Weissbiers, Stouts and Porters to Scotch Ales, Belgians, fruit beers, Barley wines and many more.
In addition to the beer tasting, festival-goers can choose from an array of entertainment and events to enhance their experience. A Friday evening Welcome Party will kick things off followed by a weekend of fun and engaging activities such as a VIP tasting and food pairing session, beer and waffle breakfasts, a “Meet the Brewers” dinner and live entertainment. The activities climax on Saturday evening with an exclusive 21 years and over, After Dark Waterpark Party in Camelback Lodge’s Aquatopia, the largest indoor waterpark in the Northeast, complete with craft tap takeovers.
BrewPA will also lay claim to a new annual beer competition, exclusive to Pennsylvania craft brewers. Brewers can enter their most prized beers to a panel of judges, who will determine the gold, silver and bronze medals that best represent each beer-style category and brewing excellence. One BrewPA brewer will be the recipient of the first annual Frederick Lauer Cup award, exemplifying Best in Show as selected by BrewPA attendees. Frederick Lauer was a 19th-century brewing pioneer who settled in Reading, Pa., and was the first president of the United States Brewers Association.
BrewPA 2016 is sponsored in part by Yuengling, America’s oldest operating brewery.