Craft Brewing and Distilling News for August 20, 2015August 20, 2015
•With craft beer growth ongoing, Brooklyn Brewery is considering selling an equity stake to fund a major expansion project, Reuters reports. The company is looking to build a $150 million brewery in New York City, likely in Staten Island, to meet growing demand for its lineup of craft beers. Co-founder and chairman Steve Hindy sold control of the brewery three years ago to the Ottaway family, with Robin Ottaway now serving as president. The company is now receiving requests from private equity firms, family investors and large alcohol marketers, Reuters said. Brooklyn Brewery shipped about 252,000 barrels last year. Milton, Delaware-based Dogfish Head is also exploring the sale of a minority stake, according to the report, as are fellow fast-growing brewers Lagunitas, Ballast Point and SweetWater.
•Seattle’s Two Beers Brewing is rolling out fall seasonals Fresh Hop IPA and Pumpkin Spice Ale. Fresh Hop IPA is a 6.2%-abv offering brewed with Yakima Valley-grown Centennial hops as well as locally grown Simcoe, Amarillo, Cascade and experimental hops. It’s available in 22-ounce bottles and on draft for a limited time. Pumpkin Spice is a 5.2%-abv, small-batch seasonal featuring clove, cinnamon, allspice and pumpkin that will be available through October in 22-ounce bottles and on draft. Two Beers’ seasonals can be found throughout Washington, Oregon, Alaska and Idaho.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.