US: Samuel Adams rolls out in Latrobe
Boston Beer Co. has started rolling out Samuel Adams beer from the brewery that previously made Rolling Rock.
Last month, the beer company signed a deal to brew Samuel Adams in Latrobe at the former Rolling Rock brewery. The facility was bought last year after its former owner sold the Rolling Rock brand to Anheuser-Busch for US$82m.
Speaking yesterday (21 May), the brewery said that it aims to produce at least 250,000 barrels of Samuel Adams beer for bars, restaurants and other draft beer outlets through the end of the year.
According to the company, the bottling line will start up in June and the brewery plans to bottle about one-and-a-half times as much beer as it sells in barrels. The brewery said it will distribute the beer produced in Latrobe along the East Coast.
The US craft brewer added that it plans to invest US$3m to $7m in the facility, and may eventually take an ownership stake in the plant.
The company recently reported its first-quarter net revenues of $72.4m, up 27.4% from the corresponding quarter last year, on the back of a 23.7% increase in core shipment volumes.
Net income for the first quarter stood at $5.8m, or $0.40 per diluted share, representing an increase of $3.9m or $0.27 per diluted share from the same period last year. The company said the improvement had been driven primarily by an increase in net revenue which was partially offset by increases in costs of goods sold, selling and advertising expenses, general and administrative expenses and income taxes.
Scottish & Newcastle faces a tough battle to defend itself from the joint takeover launched by Carlsberg and Heineken. But today's announcement of a legal challenge to Carlsberg over alleged breac...
Anheuser-Busch has launched two seasonal beers under its Michelob brand....
Tsingtao Brewery Co. has prepared a bond issue to fund future expansion....
In a statement to the Hong Kong stock exchange, the Chinese brewer Tsingtao Brewery has said that trading in its H shares have been suspended today (9 November)....
Global brewers have stayed silent over their interest in the possible acquisition of Serbian brewery Pivara MB....
Anheuser-Busch has posted a boost in profit for its third quarter, on the back of a broader portfolio and high end beer sales....
The real "losers" in the battle between Carlsberg and Scottish & Newcastle over their Eastern European brewing joint venture will be the shareholders of both companies, according to today's (25 Octobe...
Tsingtao Brewery has posted a huge leap in net profit in its third quarter....
- Can craft breweries compete in lager arena?
- SABMiller's Q1 sales performance by region - Focus
- Remy Cointreau's Q1 performance by brand, region
- A Wild Geese, Pernod Ricard conspiracy theory?
- A snapshot of the UK spirits market - Focus
- Diageo appoints new Smirnoff head
- Brown-Forman takes distribution in Spain in-house
- AB InBev halts VAIP incentive plan
- New Hendrick's Gin would have to be "unusual"
- Gruppo Campari trials Negroni pre-mix
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends