Boston Beer Company and Dogfish Head Announces $300 Million Merger

Two publicly traded beer companies Dogfish Head and Boston Beer Company will be merging into one massive beer business.

Last week, the companies announced that they had agreed to a $300 merger deal where the Dogfish Head co-founders Sam and Mariah Calagione will receive about 406,000 shares of Boston Beer stock, making them the largest non-institutional shareholders. Boston Beer founder Jim Koch remains the largest shareholder.

Dogfish Head shareholders made $173 million in the deal and in 2020, Sam Calagione will be joining the Boston Beer's board of directors.

The Samuel Adams’ brewer Boston Beer is the second largest craft beer maker in the U.S. and Dogfish Head is the 13th, according to the Brewers Association.

“This combination is the right fit as both Boston Beer and Dogfish Head have a passion for brewing and innovation, we share the same values and we will learn a lot from each other as we continue to invest in the high-end beer category,” said Koch in a press release.

Koch and Sam Calagione discussed the deal back in February at the Beer Advocate’s Extreme Beer Fest in Boston while sipping on pints.

“We talked about how challenging the industry is getting, the indie craft definition, brands that consumers think are indie craft, active lifestyle beers, and we discovered how beautifully complementary and not competitive our portfolios were,” said Koch.

Dogfish Head is expected to sell 300,000 barrels of beer this year, with net sales of about $120 million. The company is only expected to grow significantly with more resources under Boston Beer. Dogfish Head current sales team that is only about 25 percent of the size of Boston Beer’s.

This isn't the first time the companies have worked together either. About eight years ago, the companies partnered to brew a collaboration beer for the annual SAVOR craft beer event.

Learn more about this big beer merger at "Brewbound."

Whenever a craft brewer sells or gets acquired, this often inspires a debate amongst craft beer lovin' consumers. Watch the video below to learn more.

Kona Brewing Company is Craft Beer Brewery with a Passion for Sustainability

Some say Aloha means to live in harmony with the natural world and each other, this is the test of our time. Kona Brewing Company is more than just another craft beer company. With a focus on smarter energy, responsible practices, and a dedication to the community around them Kona is embodying the true meaning of Aloha.

On this episode of On Foodable filmed at Foodable.io Seattle sponsored by Alaska Seafood Marketing Institute, we get to learn a little more about Kona Brewing Company from Parker Penley, Lead Innovation Brewer at Craft Brew Alliance.

“Two just absolutely integral parts of what we do are sustainability and quality. And I always kind of say that those are not mutually exclusive,” said Penley. “Those actually work in parallel beautifully, you just have to, you know, be very conscious about what you’re doing and the impact on those around you and the environment.”

With this mentality and respect towards the Hawaiian Islands, Kona Brewing Company has established sustainability as one of its primary pillars. From building a state of the art brewery powered by solar panels to investing in a new High-Efficiency Brewing System to use less grain and barley, this company is taking sustainability to the next level.

However, Aloha doesn’t stop there at Kona Brewing Company. Besides having a focus on sustainability, their passion and desire fosters not only a high-quality beer but always creates an experience.

Aloha is all about the connection people have to the land and the way they connect with others on the island. Kona Brewing Company embodies that, by connecting local ingredients used to create their product, connecting with the community, and relaying the spirit of Hawaii and paradise to their consumers.

Watch the episode above to learn more about Kona and its sustainability efforts and the challenges faced in doing so on the island.

Looking for more beer and wine brands that are putting sustainability first? We recently interviewed Rob Bigelow, Senior Director of Wine Education and On Premise Development at Ste. Michelle Wine Estates, about Villa Maria Wine Estate—a company in partnership with Ste. Michelle Wine Estates.

Hyper-Local Partnerships: Food App Waitr and Crying Eagle Brewing Make A Nice Pear, Saison Beer

Hyper-Local Partnerships: Food App Waitr and Crying Eagle Brewing Make A Nice Pear, Saison Beer

In the past, Foodable has reported on hyper-local partnerships involving craft breweries, where Funky Buddha partnered up with Whole Foods Market to make spent grain sourdough bread.

Now, a tech company with hopes to drive business to the restaurants it delivers food from has teamed up with a local brewery to form a different kind of hyper-local partnership.

This time around, beer and tech have collided in a unique and unexpected way, since Waitr, a food delivery startup, partnered-up with craft beer company Crying Eagle Brewing to bring local restaurants a beer— A Nice Pear— to get excited about.

The beer’s name is a play on the word pair, alluding to the partnership between the beer company and the restaurant app company, both founded in Lake Charles, Louisiana.

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Smog City Shows Off LA's Creative Craft Brewing Scene

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On this episode of "Beer Artisan," we see how LA’s young breweries have fostered a tightly-knit community with brewers who are not afraid to push the envelope. Los Angeles' brew scene is fairly young with some of the city's veteran breweries only dating back to 2011. However, in that short span of time, LA has churned out some of the coolest, most diverse brews created from some of the coolest, most diverse brewers.

Smog City began brewing in October 2011 before they even had their own space, using Tustin Brewing’s brewpub to distribute their brews to restaurants and bars throughout Los Angeles County. This allowed head brewmaster Jonathan Porter and the team to establish a presence in the craft beer community.

“We started by renting a warehouse nearby and sort of brewing and selling, and delivering on the weekend and after work, and that paid off in dividends because by the time we opened the doors here we already had a reputation,” he said.

By 2013, Smog City had purchased its own full-scale brewing equipment, formalized plans for their new brewery and taproom in Torrance, and began brewing in their own brewery. Since then, Porter and Smog City have won three Great American Beer Festival medals for their Coffee Porter, Kumquat Saison, and Sabre-Toothed Squirrel brews.

Co-owner and Manager, Laurie Porter points out that Smog City brews are not dictated by their consumer base, but an embodiment of their characters.

“You’re really saying 'Okay, here’s us — put it in a bottle!' If you like it, then you respond to our brand. If you don’t like it, there’s another brand out there that you’re really gonna love. We’re not land grabbing everybody,” she said.

By doing so, Smog City plays to the craft beer mentality of "the rising tide floats all ships." 

Cigar City Says Tampa Brew Scene has Room To Grow

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The city of Tampa, Fla. has a rich history surrounding Cuban cigars and a man known as Vincente Ybor. Cigar City Brewing, a beer company aptly named after the Cuban cigar production brought to Tampa Bay by Ybor, uses the history of the city to guide their work.

For example, Cigar City’s “El Lector,” Neil Callaghan, has a title inspired by the “Lectores” in cigar factories. "El Lector" was the person whose job it was to inform and entertain the cigar rollers.

As Callaghan shares with us, history is also tied into the actual brewing done at Cigar City.

“... Maduro which is a dark wrap around a cigar which is our brown ale. So a lot of the names, a lot of the approach, and a lot of the special ingredients do have that tie-in back to Cuba.”

Cigar City Brewing hand-mashes its malt, and hand fills its kegs in an effort have total control over their production process. On this episode of Beer Artisan, Callaghan explains how there is room for growth in Florida beer production if you look at the number of breweries in relation to the population. Watch the episode above to see Callaghan and his pup, Egg, take a historical journey through Cigar City.

 
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