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Message
2015: The Year Craft Beer Cashed Out
Posted on 1/6/16 at 10:44 am
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.
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 on 1/6/16 at 10:53 am to BugAC
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 on 1/6/16 at 10:54 am to BugAC
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 on 1/6/16 at 10:55 am to BMoney
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 on 1/6/16 at 10:57 am to Y.A. Tittle
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 on 1/6/16 at 10:58 am to BugAC
quote:
Doesn't that mean they sold to Harpoon? Well, Harpoon's investment group?
No, that guy is no longer affiliated with Harpoon.
Posted on 1/6/16 at 11:08 am to BMoney
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 on 1/6/16 at 11:27 am to BMoney
quote:
funded by investment groups, that purchased Abita.
this is true. Abita high ups played it pretty close to the chest
Posted on 1/6/16 at 11:31 am to Dire Wolf
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 on 1/6/16 at 11:31 am to BugAC
quote:
cash beer
Was this intentional?
Posted on 1/6/16 at 11:32 am to Mo Jeaux
quote:
Was this intentional?
Whoops.....i'll leave it.
Posted on 1/6/16 at 11:57 am to BugAC
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.
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.
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