Big Moves in New Jersey's Blue Network
FILED FEBRUARY 24, 2017
New Jersey's Kramer Beverage has confirmed plans to purchase the brand distribution rights from fellow NJ wholesalers: Hub City and Warren South. Both of these operations are owned by the Banko family and total to just over 6.4 million CEs, which is more than Kramer currently does.
Rex Looks to Recover $3.1 MM-Plus From Parties Involved in MS Match N' Snatch
FILED FEBRUARY 23, 2017
On Tuesday, Rex Distributing filed a complaint against A-B, Mitchell Distributing, and Yuengling in a Mississippi circuit court claiming the recent match and snatch in the state [see BBD 08-26-2016] screwed them out of $3.1 million and then some.
Low Unemployment Fails to Help Domestic Beer
FILED FEBRUARY 22, 2017
In a wide ranging report from Bernstein's Trevor Stirling and his team, the bottom line is that, the beer business is a tough playground in which to play. Not only are volumes soft, but price/mix is running well below previous levels (previously up around 3%, now running only up 0.5%, suffering from weaker [flat] pricing and weak mix shift).
Hensley Appoints Andy McCain as President
FILED FEBRUARY 21, 2017
Hensley Beverage Company has named Andy McCain as its new president, effective February 20, 2017. Current president and CEO of the company, Bob Delgado, will continue to lead the organization as CEO.
Big Changes in Store for Shock Top
FILED FEBRUARY 17, 2017
While the majority of brands in A-B's High End are thriving [see CBD 02-16-2016], there's one that has fallen on hard times. Shock Top.
Mike's Hard 2016 Depletions Up 10%, Helping Grow FMBs to 5 Share of Beer
FILED FEBRUARY 16, 2017
Beer had a tough 2016. As we reported earlier this week, without imports, domestic beer volumes were down 0.8%. But you know who had a great year? Mike's Hard Lemonade Company. In fact, 2016 was the fourth straight year where the MHL Co. growth trend increased year over year.
FILED FEBRUARY 15, 2017
Heineken has reported its Q4 earnings. In the Americas, Heineken grew 3.7% organically, driven by strong growth in Mexico, but offset by some weaker volumes in the U.S. and Brazil.