GRAND RAPIDS — As the craft beer industry continues to grow, it’s contributing to more economic activity in Michigan, both within the sector and its expanding supply chain.
After a frenzied period of M&A activity for craft breweries, industry insiders and investors expect the pace of deals to moderate in the near future.
With its 348 barrels of beer produced last year, Newaygo Brewing Co. accounted for less than 1 percent of all craft beer made in Michigan in 2015.
Founders Brewing Co. now ranks among the top 20 U.S. breweries by sales volume for 2015, a list that includes both craft brewers and large domestic producers.
As craft beer exports present consistent growth opportunities for American producers, internationally-distributing companies such as Grand Rapids-based Founders Brewing Co. note that overseas markets are making up an ever-increasing portion of their sales.
Despite a long career in the beer distribution business, Keith Klopcic lacked expertise in making the beverages he sold to bars and retailers around the state of Michigan. So when the opportunity arose to buy Comstock Park-based Perrin Brewing Co. last year, he tapped a partner with extensive craft brewing resources who had the know-how to help him continue scaling up the business.