Craft Brewing and Distilling News for October 21, 2015October 21, 2015
•Kansas City, Missouri’s Boulevard Brewing Company is expanding its distribution footprint, beginning with Arizona and Kentucky. Boulevard has signed on with Hensley Beverage Company in Arizona and Beer House Distributors in Kentucky, with a full portfolio rollout expected in January. The expansion follows Boulevard’s recent addition of six new 1,000-barrel fermentation tanks to help meet demand. Boulevard is also working on distributor agreements in Michigan, Connecticut, Rhode Island, Delaware, Albany and parts of upstate New York. Boulevard is part of Belgium-based Duvel Moortgat’s U.S. subsidiary, whose other craft beer brands include Firestone Walker, Ommegang and Duvel.
•San Diego-based craft brewer Ballast Point has reportedly filed plans for an initial public offering—estimated to be worth around $175 million—with the Securities and Exchange Commission. According to the San Diego Union-Tribune, Ballast Point is expected to issue roughly 20 million shares of stock. The move comes as the California brewer enjoys fast gains, with annual revenue growing from $27.4 million in 2013 to $53.7 million in the first half of 2015, and annual volumes rising from 71,000 barrels to more than 123,000 barrels over the same period. Established in 1996, Ballast Point’s core portfolio includes its year-round Sculpin IPA, The Commodore, Grapefruit Sculpin, Habanero Sculpin, Even Keel and Longfin labels, among others. The brewer also produces a range of craft spirits and canned cocktails, including Three Sheets rum, Old Grove gin, Devil’s Share whiskey and Fugu vodka.
•New Paltz, New York-based craft brewer Smart Beer is releasing its flagship Organic Golden Ale across the state this month. The 5.5%-abv beer is brewed with certified organic ingredients like orange peel and licorice root as well as a blend of herbs and spices. Smart Beer Organic Golden Ale will be available at retailers like Whole Foods and Food Cellar, as well as bars and restaurants.
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