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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. 

Published in Agribiz

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.

Published in Manufacturing
Sunday, 06 August 2017 16:01

MiBiz Growth Report: Aug. 7, 2017

Here is the MiBiz Growth Report for Aug. 7, 2017.

• M&A: Rockford-based Wolverine World Wide Inc. has sold its Sebago brand of boat shoes to an offshoot of BasicNet S.p.A., a clothing and footwear company based in Turin, Italy. A subsidiary, TOS S.r.l., acquired the intellectual property rights for the Sebago trademarks and other assets in a deal valued at $14.25 million, excluding acquisition-related charges, according to a statement from BasicNet. For Wolverine, the move to offload the Sebago brand comes as part of a larger strategy that executives hope will streamline the organization and increase profitability amid a challenging consumer goods market. The two companies agreed to transition the brand to the new owner through the end of this year. Wolverine (NYSE: WWW) acquired Sebago Inc., a maker of penny loafers and docksiders boat shoes, in 2003.

Published in In the News

Saugatuck Brewing Co. thought it was being edgy in 2011 when it coined the name “Hop on a Blonde” for its new blonde ale.

Published in Beer and wine

Thirsty Michigan craft beer consumers bought the equivalent of around 59,000 more pints of Brewery Vivant’s beer in 2016 than they did the year before.

Published in Beer and wine

new law passed earlier this month modernizes a provision in Michigan’s liquor control code that many craft beverage producers were unknowingly violating in recent years. 

Published in Beer and wine

In 2014, craft brewing in Michigan contributed $1.85 billion in economic impact, up 84 percent from about $1.0 billion two years earlier, according to data released last week by the Denver-based Brewers Association, an industry trade group.

Published in Beer and wine

Of the 242 winners at this year’s Great American Beer Festival in Boulder, Colo. five West Michigan breweries walked away with medals for their beer.

Published in In the News

Craft beverage producers agree that federal regulations have not kept pace with the rapidly evolving industry, but help could be on the way.

Published in Beer and wine

As global consumers continue to develop an appetite for American craft beers, many Michigan-based microbreweries have seized the opportunity to expand distribution into foreign markets.

Published in Hospitality

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