Six-Pack of News, Volume 26: Acquisition Heavy
My first group of stories all have to do with mergers and acquisitions of various types. Unfortunately, A-B InBev IS involved, but at least not with a brewery. Let's get started.
Fort Collins Brewery, a craft beer staple in Colorado since 1992, and working under its current name since 2003, has been acquired by Vancouver, BC, Canada's Red Truck Beer Company. FCB will cease operations in July, though Red Truck will produce some of their own beers AND is pursuing the possibility of contract brewing through the facility. Red Truck also intends to create a restaurant/brewpub in the soon-to-be-former FCB space. (Originally reported by Porch Drinker, additional details from Brewbound)
Additionally, Cismontane Brewing Company recently acquired the assets of its struggling southern California neighbor Lightning Brewery. According to Brewbound, the deal does not include rights to the Lightning Brewery name or use of their tasting room. Cismontane will look to sell off the equipment piece-meal or sell the entire facility as a turn-key brewing operation. They may also keep some of the equipment as they look to equip their own new production facility.
In our obligatory ABI story of the week, it was recently announced that ABI's venture capital group ZX Ventures purchased a minority stake in RateBeer, a top beer rating and reviewing website. One little detail: THIS HAPPENED IN OCTOBER! Like all such ABI acquisitions, RateBeer founder Joe Tucker maintained that the site will be allowed to maintain its "value as an unbiased beer authority". Bud Light remains in RateBeer's 50 Worst-Rated Beers list, so so far, so good. (h/t Porch Drinking)
In a story that I am very happy to see: while craft beer growth may be slowing nationwide, Vinepair calls the South a "slumbering craft beer giant" as Prohibition-era laws are finally being modernized across the region. As examples, Alabama and Florida registered the most growth in barrels of beer produced nationwide between 2011 and 2016, with a few other Southern states amongst the Top 10.
Finally, craftbeer.com recaps a recent craft beer-based category on "Jeopardy!", and even allows you to play the category at home! Just remember to answer in the form of a question!