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this post was submitted on 30 Sep 2023
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Appalachian Mountain Brewery.
They paved the way for new breweries in a little mountain town in western North Carolina. They consistently gave significant percentages to charities, often local. They built a recognized brand and then sold to Anheuser Busch InBev. AB InBev helped them reach new craft beer drinkers with a huge corporate backing. The business ran the same as far as a local consumer could tell. They got a lot of new insight and opportunities.
And then two of the original founders bought it back from AB InBev. First time that's ever happened. Really great guys too. Very happy to continue to see their journey.
The beer bust is happening. Craft beer isn't the darling it money maker it was a decade ago.
Sounds like this brewery navigated this well and sold high and bought low, but the amount of breweries closing by me is crazy
Where do you live? I'm in Oregon and we probably have 40 breweries in my midsized city. I'm wondering if its just a matter of market saturation where only the strong survive. Funnily enough, I'm currently in Kona, Hawaii on vacation and bought some Kona Brewing Co. beer. Turns out it was brewed and bottled in Portland, Oregon.
OTOH, I find that IPAs are super 'effin saturated and not that great after drinking them over the years. It seems like every brewer wants to jump into IPAs even though you already have 47 choices at every convenience store in the country.
I'm in Portland. I feel like a brewery closes every month or so.
I mean: Burnside, Royale, Laurelwood, Grains of Wrath, brewery 26, Hair of the Dog, Pono, Modern Times, Sasquatch, Portland Brewing... those are the ones I can think of off hand
That sounds a lot like Chipotle. Sold to McDonalds, exploded in popularity, and bought themselves back.
Now it's time they sold it back. Those fuckers won't let me order my precious queserito anymore :(
AB InBev does some great stuff with their craft owners. If it made sense for them to buy it back that's awesome, but their mantra around craft really is: "you've got success, we're just going to give you more tools". A lot of the big folks like Duvall operate that way and you wind up with regional breweries shipping kegs around the world.