Craft Brewing and Distilling News for November 4, 2016November 4, 2016
•Anheuser-Busch InBev (ABI) has augmented its craft stable with the acquisition of Houston-based Karbach Brewing. Karbach, known for its Hopadillo IPA, Love Street Kolsch, Weekend Warrior pale ale and Weisse Versa Wheat, was founded in 2011 and reached 40,000 barrels just three years later. ABI says it plans to grow the brewer’s capacity to 150,000 barrels by 2019. Karbach, which will join ABI’s The High End portfolio of craft and import brands, opened a new restaurant, tap room and biergarten in May.
•Craft Brew Alliance (CBA) depletions grew just under 1% in the company’s third quarter, ended September 30, bolstered by 18% depletions growth for Kona Brewing Co. Net sales rose 0.9% to $55.2 million, with gross profit up 0.7% to $17 million. The strong growth by Kona offset declines on the Widmer Brothers and Redhook Brewery brands, which CBA is refocusing on their home markets of Oregon and Washington respectively. For its full fiscal year, CBA is projecting a shipment decline of between 3%-5% as a result of lower contract brewing volumes in the fourth quarter.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.