Page 1
Page 1
Started By
Message

2015: The Year Craft Beer Cashed Out

Posted on 1/6/16 at 10:44 am
Posted by BugAC
St. George
Member since Oct 2007
52749 posts
Posted on 1/6/16 at 10:44 am
LINK

Interesting article about most of the buyouts in cash beer that i know a few of us are aware of. There are some on here i was completely unaware of, namely abita selling off to Harpoon.

Posted by Y.A. Tittle
Member since Sep 2003
101272 posts
Posted on 1/6/16 at 10:53 am to
quote:

There are some on here i was completely unaware of, namely abita selling off to Harpoon.


Is that accurate? Is there another source for this besides this article?
Posted by BMoney
Baton Rouge
Member since Jan 2005
16257 posts
Posted on 1/6/16 at 10:54 am to
quote:

namely abita selling off to Harpoon.


Abita didn't sell to Harpoon. The ex-president of Harpoon started Enjoy Beer, funded by investment groups, that purchased Abita.

Harpoon is completely employee owned.
Posted by BugAC
St. George
Member since Oct 2007
52749 posts
Posted on 1/6/16 at 10:55 am to
quote:

Abita didn't sell to Harpoon. The ex-president of Harpoon started Enjoy Beer, funded by investment groups, that purchased Abita.


Doesn't that mean they sold to Harpoon? Well, Harpoon's investment group?
This post was edited on 1/6/16 at 10:56 am
Posted by BugAC
St. George
Member since Oct 2007
52749 posts
Posted on 1/6/16 at 10:57 am to
quote:



Is that accurate? Is there another source for this besides this article?


Yes. I've heard of almost all of these acquisitions via beer news blogs and beer podcasts. Abita, Dogfish Head, and a couple of the smaller ones i didn't know about.
Posted by BMoney
Baton Rouge
Member since Jan 2005
16257 posts
Posted on 1/6/16 at 10:58 am to
quote:

Doesn't that mean they sold to Harpoon? Well, Harpoon's investment group?


No, that guy is no longer affiliated with Harpoon.
Posted by BugAC
St. George
Member since Oct 2007
52749 posts
Posted on 1/6/16 at 11:08 am to
quote:



No, that guy is no longer affiliated with Harpoon.


The point is, they sold their company to an investment group and i didn't know about that. It says the group looks to roll up 5 companies by 2020. Wonder what that entails...
Posted by Dire Wolf
bawcomville
Member since Sep 2008
36582 posts
Posted on 1/6/16 at 11:27 am to
quote:

funded by investment groups, that purchased Abita.


this is true. Abita high ups played it pretty close to the chest
Posted by BugAC
St. George
Member since Oct 2007
52749 posts
Posted on 1/6/16 at 11:31 am to
quote:



this is true. Abita high ups played it pretty close to the chest


I'm not arguing that all of these acquisitions are bad. It actually might help the craft beer market, by giving a cash infusion into these breweries. I would think that the expansion of some of these breweries to Louisiana are either due to these buyouts, or that the expanding is easier once this influx of cash hits the accounts of these breweries.
Posted by Mo Jeaux
Member since Aug 2008
58549 posts
Posted on 1/6/16 at 11:31 am to
quote:

cash beer


Was this intentional?
Posted by BugAC
St. George
Member since Oct 2007
52749 posts
Posted on 1/6/16 at 11:32 am to
quote:

Was this intentional?


Whoops.....i'll leave it.
Posted by Jax-Tiger
Port Saint Lucie, FL
Member since Jan 2005
24734 posts
Posted on 1/6/16 at 11:57 am to
My concern is not with the acquisitions, but with the beer laws. If InBev acquires Parish and Great Raft, and their quality suffers because of it, the then the business climate needs to be such that a new brewery can step in and fill the void. Right now, that isn't the case, and the barriers to entry in many markets prevent that from happening.

In Oregon, we've had breweries like Rogue, Ninkasi, and Bridgeport that were once cutting edge, and their product quality went south, either because they changed personnel, or got bigger and couldn't maintain the quality on a larger scale. There are many other smaller breweries that just went out of business for a variety of reasons.

But, we've had many breweries step up and become the new face of beer in Oregon. In craft beer circles, the hot beers aren't from Widmer, Bridgeport, Rogue, and Ninkasi, but from Boneyard, De Guarde, pFriem, and Block 15, to mention a few. All of those breweries are recent start ups within the last 2-7 years.

I suspect the big breweries want to acquire microbreweries to expand their product line because its clear that craft beer isn't going away anytime, soon. However, I think they would also like to double down on that and try to ensure that barriers are in place that prevent new breweries from entering the market and diluting their market share further. Distributors are probably in favor of that, too. They make more money per beer on selling craft beer, but would probably prefer to work with one company that represents 50 breweries, than with 50 different companies.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram