AB-InBev is the largest brewer in the world with a 25% share of the global market. The purchase of the smaller Mill Street Brewery is just the latest in a series of recent acquisitions. The company purchased Elysian Brewery in Seattle, WA, at the beginning of 2015 in a move that saw considerable criticism and led to the resignation of founder Dick Cantwell only three months later. Cantwell had been with the company for twenty years before resigning. A few months earlier, in November 2014, the sale of Bend, Oregon’s 10 Barrel to AB-InBev received similar sentiments.
Now, InBev, through its subsidiary Labatt, has turned its sights on Canada, purchasing Mill Street Brewery. Mill Street was founded in 2002 and brews the largest amount of organic beers in Canada, including their flagship beer, the Original Organic Lager, among 70 other styles of beers. Labatt plans on investing $10 million in Mill Street in order to increase production and distribution. “Our partnership and investment will accelerate its growth in one of the most dynamic beer segments, while fully preserving Mill Street’s creative character and pioneering spirit,” Labatt president Jan Craps said in a statement.
Craps’ statement echoes the proposed intentions of AB-InBev’s acquisitions--the goal, they say, is to maintain the quality of the smaller breweries while helping them with production and distribution. Critics, however, warn that the consolidation of once independent breweries under the ownership of a single entity will stifle the very creativity that defines the craft brew scene. Still, for every brewery that is bought up by a larger organization, many more spring up.
Photo via Mill Street Brewery
New York based brewery Southern Tier has announced their latest spring release - 'Thick Mint,' an imperial stout brewed with chocolate and mint. ...read more ›
Have you ever dreamt of trying a cocktail only seen before in a cartoon, like the 'Flaming Homer' from The Simpsons? While that may seem like an oddly...read more ›
In this installment of Behind the Bar, we were lucky enough to interview Madame St. Germain herself, Camille V...read more ›
If you're the kind of alcoholic who needs to have booze on your person at all times, Groupon has just the product for you: prosecco-flavored nail poli...read more ›
A recent IndieGoGo campaign has resulted in a coffee table with everything you could want: the Sobro Refrigera...read more ›
Soon, you'll be able to enjoy cold brew coffee with the alcohol percentage of a strong beer with Bad Larry's Cold Hard Coffee. ...read more ›
In what is undoubtedly the company's latest publicity stunt, Budweiser announced Saturday, March 11 at SXSW in Austin, Texas that they are looking int...read more ›
The publicly owned Scottish brewery announced their plans to crowdfund a craft beer hotel, called the "Dog House" via Indiegogo less than week ago. ...read more ›
Appleton Estate, the Jamaican rum label, is celebrating 20 years with its master distiller Joy Spence this year....read more ›
Guinness is getting into the Irish whiskey gave with Roe & Co, a blended Irish whiskey....read more ›
As if watching Magic Mike over and over again wasn't already good enough, Channing Tatum is gracing the world yet again, this time with his own line o...read more ›
Miller-Coors announced that Zima - which was originally discontinued in 2008 - will be buddying up (probably briefly) with its lineup of Henry's Hard ...read more ›