Craft Brewing and Distilling News for July 18, 2016
July 18, 2016•Stone Brewing appears to have received a $90 million investment from California-based VMG Partners, although the company has yet to confirm the deal. A June SEC filing, first unearthed by Brewbound, shows an equity and pooled investment fund offering in the amount of $89.5 million issued by VMG Stone Brewing Coinvestment, L.P. This past May, Escondido, California-based Stone—the 10th-largest U.S. craft brewer, according to the Brewers Association—announced itself as the founding member of a new investment fund called True Craft. Stone co-founder Greg Koch said True Craft would start with $100 million secured through independent investors, and look to make minority investments in craft brewers who wished to remain independent. Stone didn’t respond to a query regarding the recent VMG filing.
•Oregon’s 2 Towns Ciderhouse is launching summer seasonal Cot In The Act Unfiltered Apricot Cider. Made with two pounds of Washington-grown Rival Apricots per gallon, as well as 100% fresh-pressed Northwest apples, Cot In The Act is at 6.2% abv. The seasonal cider is hitting Oregon, Washington, California, Alaska, Idaho, Hawaii, Chicago and parts of Nevada and Minnesota in 500-ml. bottles and kegs from now through October.
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