Craft Brewing and Distilling News for January 29, 2014January 29, 2014
•Craft Brew Alliance, Inc. (CBA) expects continued progress in 2014 after reporting net sales growth of 6% for 2013, largely due to the strength of the Kona Brewing, Redhook Brewery and Omission brands. Depletions rose by 11% in 2013 and owned-brand shipments grew by almost 8%. Selling, general and administrative expenses increased $1.6 million from 2012 to $46.5 million, reflecting investment in brand development and sales capabilities. CBA chief executive officer Andy Thomas says he expects a strong performance in 2014 with plans to expand brewing capabilities in the Southeast around mid-year. CBA expects depletions to grow by 7% to 11% for this year.
•San Diego’s Green Flash Brewing is expanding into northern Michigan following its entry into the southern part of the state in October. Starting in February, Green Flash will partner with 11 northern Michigan distributors to introduce its core lineup and seasonals—starting with spring’s Palate Wrecker entry—and a variety of limited releases into the region. The launch will focus on key northern Michigan cities such as Lansing, Ann Arbor, Kalamazoo and Flint. Green Flash is currently available across nearly 50 states, with Utah and Hawaii being the only exceptions.
•Colorado-based Upslope Brewing Co. is planning to enter three new states early this year, reports The Denver Post. Within the next few weeks, Upslope’s brews will roll out into Arizona and Wyoming, with entry into New Mexico slated for later in the year. The move follows Upslope’s recent move into Texas—the brewer’s first expansion beyond Colorado—as well as the addition of a second brewery in its hometown of Boulder last year. Upslope Brewing, whose core portfolio includes its Pale Ale, India Pale Ale, Brown Ale, Craft Lager and Imperial India Pale Ale labels, as well as several limited releases, reported an annual production of around 12,000 barrels for 2013.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.