Heineken Beer Mislabeled as Local Craft Brands in Ireland
In September, Heineken Ireland confirmed that its “low-volume, high-quality” brands had been misrepresented and sold as local craft beers at a number of pubs and other outlets in Ireland, spreading questions about the prevalence of mislabeled beer in the country’s burgeoning craft industry. Heineken Ireland has apologized and launched a private external investigation into the matter.
Tree House Brewing Secures $7.7 Million Bond for New Brewhouse
In late September Landreau Realty, LLC, the real estate entity of Massachusetts brewery Tree House, secured a tax-exempt $7.7 million bond issued by MassDevelopment, a public-private economic development agency. The bond, purchased by Country Bank, will provide partial funding for Tree House’s new 53,000-square-foot, 60-barrel brewhouse in Charlton, Mass.
Colorado Breweries Reunite Under State Brewers Guild
The 14 breweries that left the Colorado Brewers Guild in June to form a new group, Craft Beer Colorado, have agreed to reunite under the state guild. The decision came on the heels of AB InBev-owned Breckenridge Brewery vacating its seat on the guild board and changing its status to that of a non-voting member.
AB InBev-SABMiller Merger Official
AB InBev’s long anticipated $100 billion takeover of SABMiller became official on October 10. Approved by shareholders in late September, the combined entity now controls nearly one-third of the global beer market.
Kirin Buys Minority Stake in Brooklyn Brewery
On October 12, Japan’s Kirin Brewery announced it will acquire approximately 24.5 percent of Brooklyn Brewery and embark on a new joint venture in Japan in early 2017. By selling less than 25 percent of its business, Brooklyn will remain an independent craft brewery as defined by the Brewers Association. ■