Easton, Pennsylvania based Weyerbacher Brewing has filed for Chapter 11. The brewery has sold a majority stock of the brewery to a private equity firm.
1518 Holdings LLC now holds a 55% majority stake in the brewery, a Philadelphia based firm that has a non-existent Google footprint. Going forward, Weyerbacher will undergo a series of changes. Josh Lampe, the son of the Weyerbacher co-founder will become the president of the brewery as a part of the restructuring.
According to Weyerbacher, the brewery is looking to add some contract brewing in order to make full use of the $2 million dollar brewing system the brewery installed in 2015. With this new cash infusion and future contract partners, Weyerbacher will be doubling their production in 2019.
Additionally, the brewery will add new locations presumably in Philadelphia or the immediate area, joining their two current locations, Easton and New Hope at the Ferry Market. Also, expect an expanded spirits lineup from the brewery’s distillery.
“We’re going to respect all of the tradition of Weyerbacher while continuing the work we’ve done over the last few years to keep innovating and creating great beer.” – Josh Lampe, Incoming Weyerbacher president
Weyerbacher started in 1995 by Dan Weirback in downtown Easton, Pennsylvania. The brewery currently has 30 full-time, and 20 part-time employees. Weirback will continue to consult as he has for the last 3 years.
Ballast Point Brewing, who was purchased for a whopping $1 billion dollars in 2015, is downsizing.
“Trade Street”, Ballast Point’s 80,000 square foot barrel-aging facility which includes a good bit of the brewery’s sour/wild ale program will close. Addtionally, the brewery’s Temecula, California location will also close.
Last night, a future ex-employee of Ballast Point Brewing contacted us at Beer Street Journal, speaking off the record in regards to the recent moves. Last August, Constellation surprised more than 60 people, some who had only worked for Constellation a few weeks (we know of folks that left other craft breweries for positions at Constellation just weeks) were all laid off. Constellation reportedly handed the craft sales over to the Modelo import team going forward.
These recent closures and job cuts are, what is characterized by our now unemployed Ballast Point source, as Constellation “right-sizing” the Ballast Point business wing. Or – Ballast Point was not profitable as-is. It’s corporate speak for firing people. This downsizing is seemingly a direct correlation to a reported $86 million dollar impairment charge Constellation recorded for Ballast Point trademarks last summer.
An impairment charge is entered as an expense in the profit & loss account. The carrying amount of the asset is reduced by the impairment amount. This reduces the company’s net worth or book value. The net profit, too, is adversely affected in the year the charge is made. In other words, Ballast Point was grossly overvalued by Constellation Brands, prompting this “right-sizing” move.
The future Ballast Point location in San Francisco has also been scrapped.
There is no confirmed number of the employees affected by the immediate closure of the Temecula location and gradual closure Trade Street facility.
This year marks the 50th anniversary of the lunar landing. On July 20, 1969, Neil Armstrong and Edwin “Buzz” Aldrin touched down on the Moon’s Sea of Tranquility. In honor of this achievement, St. Louis, Missouri based Schlafly Brewing is debuting a “spacy” new Lunar Lager 12-pack.
The box set contains 4 different lagers – Lift-Off Lager, Apollo’s Orbit Black Lager, Moon Walk Dunkel, and The Eagle Has Landed American Lager. Lager-style beer was very popular in the 1960’s (thanks to AB, Miller, and Pabst) making the style choice for this commemoration very appropriate.
In the spirit of the ’60s, Schlafly designed the Lunar Lager lineup to reflect the time. The bottle fonts come from popular record albums, including the sans serif font from sci-fi and newspapers. The colors come from 1969 For and General Motors paint chips.
Apollo 11 is one of the most exciting feats for humankind, in our nation and beyond, and its impact clearly lives on to 2019. We thought that the 50th anniversary of such a cultural phenomenon deserved a special beer to celebrate so we are releasing four.” – Stephen Hale, Founding Brewer
Four styles make up the Lunar Lager beers:
Lift-Off Lager – Unfiltered German Lager, 5.5% ABV 20 IBUs Apollo’s Orbit Black Lager – 5% ABV, 25 IBUs Moon Walk Dunkel – Dark, malty German-style lager. 4.5% ABV, 20 IBUs The Eagle Has Landed American Lager – Golden, refreshing American lager. 5% ABV, 25 IBUs
The Schlafly Lunar Lager Variety Pack will be available starting in late-April everywhere the brewery is sold. ERP $13.99.
Style:Lager(s) Availability: 12oz Bottles, Draft. Debut: Late April 2019
As Anchor San Franpsycho IPA returns for a second summer, this year you’ll find it in cans for the first time.
Peaches and apricots highlight this warm weather IPA, brewed with El Dorado, Eureka, Cascade, and Simcoe Cryo hops. A collaboration with outdoor lifestyle brand San Franpsycho.
San Franpsycho IPA evokes strong tropical fruit flavor and aromatics with a slightly sweet finish. To amplify the delicious stone fruit taste, peach and apricot purees were added in secondary fermentation.
Anchor San Franpsycho IPA debuts at a release party on April 27 at the brewery’s Public Taps in San Francisco. Look for it in 12-ounce cans and draft for a limited time.
Style: IPA (w/ Apricots. Peaches.) Availability: 12oz Cans, Draft. Limited Seasonal. Latest Return: Late April 2019
Three Taverns Voyage, a new open fermented mixed culture saison, debuts today.
This unique release is a mixed culture saison, which uses Three Tavern’s house saison yeast, Georgia-grown wheat, and North Carolina rye. Voyage is the first in a series of ‘Wooden Vat’ releases by the Decatur, Georgia based brewery.
No, this isn’t fermented in steel. Three Taverns Voyage is open-fermented in oak. Old world style.
…Crafted with Georgia grown wheat and NC artisan rye then open fermented in an oak vat with our house saison blend, bright aromas of citrus and pineapple mingle with a bouyant funkiness to create a complex drinking experience.
Those with the appreciation of funky, open-fermented, Belgian-style wild ales can seek this at the brewery starting April 5th.
Style: American Wild Ale (Oak Aged) Availability: 12.7oz Bottles. Limited Release.
Saint Arnold Summer Pils is has returned ahead of hot summer Texas days.
This true Bohemian-style pilsner has been brewed since 1997. The brewery imports Hallertau and Czech Saaz hops to an authentic hop flavor, which balances out the touch of sweet malt flavor in the finish.
Saint Arnold Summer Pils is available from April to August in 12-ounce cans and draft.
Style: Pilsner Hops: Hallertau, Saaz Availability: 12 oz bottles, Draft Latest Return: April 2019