On July 26th, several deals were announced in the world of craft beer. First the good: Brooklyn Brewery announced it purchased a “minority stake” in both
21st Amendment Brewery and
Funkwerks.
On their blog, Brooklyn stated:
By our powers combined, we’ll be able to reach new markets, bring an incredible array of beers and styles to drinkers, and continue to grow and invest in all three breweries as independent craft brewers… Yes, that means Brooklyn Lager will someday soon pour in the Bay Area, and 21st Amendment cans will roll forth along the Gulf Coast, and Funkwerks will pop up in Brooklyn.
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Florida’s Funky Buddha Brewery was just purchased by brewing giant Constellation Brands. Funky Buddha has been a bit of an industry darling lately, having collected five gold medals in the 2016 World Beer Cup. The brewery opened in 2013 and had recently become the second largest brewery in Florida. They are known for beers made with odd ingredients, like bacon and coconut. Continue reading
A recent article in Axios,