Artisanal Brewing Ventures Acquires Sixpoint Brewery

Discussion in 'Beer News' started by Todd, Nov 7, 2018.

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  1. Todd

    Todd Founder (13,518) Aug 23, 1996 Finland
    STAFF Mod Team Society Pooh-Bah

    More from Brewbound: https://www.brewbound.com/news/artisanal-brewing-ventures-acquires-sixpoint-brewery



    Press release:

    BROOKLYN, N.Y. – Nov. 7, 2018 – Sixpoint Brewery has signed a partnership agreement to become part of Artisanal Brewing Ventures (ABV), a unique company created to support the growth ambitions of leading regional craft breweries. Located in Brooklyn, New York, Sixpoint is an acclaimed producer of some of New York’s most recognizable craft beer brands. As part of the partnership, Sixpoint plans to open its first taproom and new production brewing facility in Brooklyn. This facility will serve as Sixpoint’s innovation brewery, headquarters, and a much-anticipated location where consumers can experience the Sixpoint brand as well as sample and celebrate Sixpoint beers. Through this partnership, Sixpoint becomes a sister brewery to ABV’s other brands, Victory Brewing Company and Southern Tier Brewing Company.

    “I am truly excited to be joining ABV,” Eric Bachli, Sixpoint’s brewmaster andchief product officer said. “This is a world-class organization and they bring expertise in the business side of craft beer, so we can focus on our craft and on creating great-tasting, innovative beers. Sixpoint has so much opportunity ahead of it, and our partnership with ABV will help us reach our full potential.”

    The partnership provides ABV with a strong presence in the fast-growing New York City market and makes the company one of the nation’s top ten regional craft brewers. With Sixpoint a part of its portfolio, ABV has a leadership position in six of the country’s top 50 markets for craft beer.

    “Adding Sixpoint to the ABV family is consistent with our strategy of working with successful regional brands that have great local market penetration, passionate fans, and opportunity to grow,” said John Coleman, CEO, Artisanal Brewing Ventures. “Our resources, expertise in craft beer and high operating standards can unlock Sixpoint’s growth potential, improve its productivity, and allow their team to focus on what makes Sixpoint special and successful: brewing great beer, creating strong local relevance and building an authentic brand.”

    In addition to the new Brooklyn brewery, Sixpoint will gain access to ABV’s network of world-class production facilities and talented brewers. Sixpoint will also partner with Southern Tier and Victory to leverage their collective consumer data and insights to build an impactful innovation program and marketing approach, while also creating a unique selling structure and go-to-market strategy.

    Eric Bachli will play a vital role on the ABV team. He will partner with ABV’s existing executive team to lead the Sixpoint operation in Brooklyn. Before he joined Sixpoint in 2017, Bachli was head brewer at Trillium Brewing Company in Massachusetts where he was integral in building Trillium into one of the nation’s leading hyper-local “Craft 3.0” brands.

    Founded in 2004, Sixpoint is one of the New York-area’s longest-running and most highly regarded craft breweries. Its stable of four core brands arewell known across the metro New York market. Sixpoint also produces premium limited-release and seasonal offerings out of their current Brooklyn location.

    Shane Welch, a pioneer in the craft beer industry, founded Sixpoint and built it into one of the area’s leading and most-respected craft breweries. Shane will now take the opportunity to focus exclusively on a host of other craft beer related businesses, including an innovative app for direct to consumer engagement and e-commerce.

    Sixpoint and ABV remain committed to the three-tier distribution system. ABV will partner with key three-tier distributor partners to bring a strong portfolio of brands to their operations helping to reduce complexity and costs while increasing distribution and sales opportunities across all of ABV’s partner brands. The Brooklyn taproom also represents an investment in the three-tier system in metro New York. Like other successful ABV taprooms and production facilities in Lakewood, Charlotte, Cleveland, Philadelphia, and Pittsburgh, the Brooklyn project is designed to attract new customers, drive trial and create passionate advocates for ABV brands, and increase Sixpoint’s presence in the surrounding market.

    “The taproom and production brewery are investments in Sixpoint’s growth,” said Coleman. “Taprooms give us the opportunity to connect with consumers in a unique way. They can try our beers, and hopefully leave the taproom as an advocate of our brands which ultimately helps us to grow in the surrounding market.”

    About Artisanal Brewing Ventures
    Artisanal Brewing Ventures was founded in 2014 to bring expertise and resources to the business side of the craft beer industry. ABV brings top-tier craft beer brands together and unlocks their potential for growth. Through mergers and partnerships in high-volume, craft beer-centric markets, ABV is building a portfolio of breweries and brands, including Sixpoint, Southern Tier, and Victory. It gives brewers professional resources, expertise and support, while safeguarding the independence and authenticity of their brands. The company is a top ten regional craft brewer in the U.S. and has a leadership position in six of the county’s top 50 markets for craft beers. ABV is headquartered in Charlotte, North Carolina. In addition to Brooklyn, ABV has operations in Lakewood, Cleveland, Pittsburgh, and metro Philadelphia.

    About Sixpoint
    Founded in 2004, Sixpoint is one of the New York-area’s longest-running and most well-regarded craft breweries. Based in Brooklyn, the brewery produces more than 50,000 barrels of craft beer a year, with four core brands: Sweet Action, Bengali, The Crisp, and Resin, as well as limited-release and seasonal products. Sixpoint has been named best craft brewer in New York on multiple occasions.

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  2. Harrison8

    Harrison8 Grand High Pooh-Bah (6,285) Dec 6, 2015 Missouri
    Pooh-Bah Trader

    Just got back from NYC last night and unfortunately couldn't get out to the brewery from where I was staying. Having a more centralized brewery would certainly help that. Very neat.

    Cool to hear about bringing on Bachli as well.

    I wish you all the best. I just hope to continue to see new, innovative beers and a return to the bean classics. And for you to push your distro one state north of Arkansas (although my Arkansas friend does a fair job of picking up your stuff for me!)

    Cheers.
     
    frozyn and TongoRad like this.
  3. BrewsOverHoes

    BrewsOverHoes Grand Pooh-Bah (3,509) Nov 17, 2013 Georgia
    Pooh-Bah Trader

    I’m hoping this means I see Sixpoint’s footprint expanding into Georgia.
     
  4. TongoRad

    TongoRad Grand Pooh-Bah (3,884) Jun 3, 2004 New Jersey
    Society Pooh-Bah Trader

    Best wishes to Sixpoint and Shane- hopefully this works out well for all involved!
     
  5. Alefflicted

    Alefflicted Crusader (481) Dec 2, 2017 Minnesota

    Interesting... I think we are going to continue to see more and more of this.
     
    IPAExpert69, THANAT0PSIS and TongoRad like this.
  6. jacincm

    jacincm Crusader (450) Mar 29, 2018 Pennsylvania

    Good for them.

    There was a thread titled "Sixpoint sells out" that got deleted.

    God forbid the owners want to secure their financial future. Victory and Southern Tier have done just fine since merging.
     
  7. BeerVikingSailor

    BeerVikingSailor Grand Pooh-Bah (3,667) Nov 19, 2009 Ohio
    Society Pooh-Bah Trader

    Congrats Sixpoint and Shane.....looks like an excellent move to expand your brand and provide solid financial backing to do what you do best....make great beers! Keep 'em coming!
     
    canchon, RobHB, dcotom and 1 other person like this.
  8. thebeers

    thebeers Grand Pooh-Bah (5,837) Sep 10, 2014 Pennsylvania
    BA4LYFE Society Pooh-Bah Trader

    Does anyone know if Victory and Southern Tier have become more profitable since the merger?
     
  9. ECdOc

    ECdOc Initiate (0) Nov 9, 2004 Pennsylvania

    There was certainly a large change in my experience in the Victory brewpubs when they merged with ST. The one-off beers disappeared, service quality dropped, a more corporate style of management seemed to take hold. I did not like the initial effects of the merger. I will say things are starting to seem to come around a bit recently, but it's a fact that Victory changed. Satan forbid the the people that built your brand get worried when their local breweries shake things up to the detriment of locals, for the benefit of larger distribution networks. Sure, it's a business but don't forget where you came from and who got you where you are. Hope the best for Sixpoint and their employees, but more I hope they don't forget who built them.
     
  10. tinoynk

    tinoynk Pundit (800) Sep 25, 2010 New York
    Trader

    Just in case you ever come back to NYC and try to visit Sixpoint, they don't have a regularly open taproom, and are only open to the public on their monthly-ish release events.

    Would be a shame if somebody trekked out to the depths of Red Hook to find a locked gate.
     
    Wiffler27, anfield86, Ranbot and 3 others like this.
  11. bound4er

    bound4er Maven (1,371) Jul 4, 2007 Wisconsin

    This
     
  12. MaryMessner

    MaryMessner Initiate (0) Apr 10, 2018 Ohio

    A brewery that 100% could remain profitable on their own... seriously so much talent in their crew... bums me out
     
    GreenBayBA likes this.
  13. EvenMoreJesus

    EvenMoreJesus Initiate (0) Jun 8, 2017 Pennsylvania

    Craft breweries banding together to decrease costs and increase distribution is certainly a good idea.

    Not sure, but I don't see how they couldn't be, especially since they're probably sharing things like corporate structure, sales & marketing, and purchasing/raw materials.
     
  14. thebeers

    thebeers Grand Pooh-Bah (5,837) Sep 10, 2014 Pennsylvania
    BA4LYFE Society Pooh-Bah Trader

    Yep. Also saw that massive taphouse they opened down south recently that must have cost a pretty penny.

    (I’m putting in an early request for a Sixpoint pub in the Philly area — ideally southern MontCo: Jenkintown, Abington, somewhere like that.)
     
    Ranbot likes this.
  15. jesskidden

    jesskidden Grand Pooh-Bah (3,145) Aug 10, 2005 New Jersey
    Society Pooh-Bah Trader

    According to the BREWBOUND article on the deal:
    If the Brewbound's mention of Welch's estimate for their 2017 barrelage was correct, looks like ABV+Sixpoint would have wound up around #9 or #10 behind Stone and maybe CANarchy on the B.A. Top 50 Craft List last year.
     
  16. TongoRad

    TongoRad Grand Pooh-Bah (3,884) Jun 3, 2004 New Jersey
    Society Pooh-Bah Trader

    Thanks for the clarification on that, I must have misread it originally, and thought he was going to concentrate on the app and Red Hook releases.
     
  17. FBarber

    FBarber Grand High Pooh-Bah (7,325) Mar 5, 2016 Illinois
    Mod Team BA4LYFE Society Pooh-Bah Trader

    Would love to hear more about where @Sixpoint is going from here. Sad to see him depart as a result of this.
     
  18. EvenMoreJesus

    EvenMoreJesus Initiate (0) Jun 8, 2017 Pennsylvania

    Why would it bum you out? They joined up with two other excellent breweries. Both of which are independent craft breweries, just like them. There is really only an up side here.
     
  19. Oktoberfiesta

    Oktoberfiesta Initiate (0) Nov 16, 2013 New Mexico

    How is it a partnership if they bought you out? Every press release since GI has had some sort of spin. No one is ever honest. How are they joining so and so team when you are essential THAT team. A merger if you will.

    They always say so and so company will retain its own independence but I have yet to see it truly happen.

    I get none of ABVs products and sadly or not sadly, I don't feel I am missing out. I've had many of the breweries products while in other parts of the country. And they just feel like a whole slew of solid products. We get solid products from other production breweries.
     
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