Blog: Olly WehringEx-Kraft CFO - Is Boston Beer Co readying a sale?

Olly Wehring | 11 January 2016

This may have slipped under the wire at the end of last year, but could a pre-Christmas HR announcement signal Boston Beer Co's preparedness for a sale?

Right at the start of Christmas week, listed US brewer Boston Beer Co confirmed the appointment of Frank Smalla as its next CFO. Smalla, who started in his new role at the start of last week, spent the previous 14 years at Kraft Foods, rising to become senior VP for finance at the group last year.

One of the biggest news stories in 2015 on our sister site, just-food, was Kraft's merger with Heinz in July. Does Smalla's previous experience, then, suggest something may be afoot at the Sam Adams brewer?

Writing in a note to clients earlier today, analysts at Nomura have pondered as much. "As SVP of corporate finance at Kraft," the note reads, "we believe that the CFO-elect would have been closely involved in the merger with Heinz.

"However," Nomura continues, "in the near term, we would be surprised by a deal from the majors, given the ongoing MillerCoors transaction."

Looks like one to watch, then.

BLOG

Non-alcoholic beer fails the Bernstein challenge

Crazy days in the Bernstein offices. Taking time out from being one of the world’s top beverage analysts, the Bernstein team, lead by its London-based veteran Trevor Stirling, held its very own taste ...

BLOG

AG Barr launches Funkin innovation search

AG Barr has lined up a Funkin campaign in the UK to find an 'innovation champion'. ...

BLOG

Are you a beer geek? Take the Brewdog quiz and find out

Brewdog, the Scottish craft brewer, likes to claim its drinkers are some of the most knowledgeable around....

NEWS

Molson Coors's Two Hats fruit-flavoured beer - Product Launch

Molson Coors is to launch a fruit-flavoured light beer in the US aimed at recruiting 21-23-year-olds into the beer category...

BLOG

The (temporary) return of Paul Walsh to the drinks debate

Paul Walsh just can't stay away from the drinks industry....

just-drinks homepage



Forgot your password?