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As part of the merger, Dogfish Head owner Sam Calagione and his wife, Mariah, became the second largest non-institutional owners of Boston Beer Company. [22] In 2020, Boston Beer Company invested $85 million in its Cincinnati plant to quadruple its canning capacity of Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. [23]
Truly Hard Seltzer has maintained its share despite more competitors, says Guggenheim in a new note boosting its price target for Boston Beer Company.
Hard seltzer, adult seltzer, mature seltzer, spiked seltzer and hard sparkling alcohol water is a type of highball drink containing seltzer (carbonated water), alcohol, and often fruit flavorings. [1] In the US the alcohol is usually made by fermenting cane sugar or malted barley. [1] Hard seltzer products outside of the US have been found to ...
"We were very aggressive about adding capacity, adding inventory … and, frankly, we overbought," said Boston Beer Chairman Jim Koch.
Boston Beer's (SAM) investments in the Truly brand are likely to bolster its position in the fast-growing hard seltzer category. However, costs and margin woes are clouding its growth potential.
Molson Coors was created by the merger of two of North America's largest breweries: Molson of Canada, and Coors of the United States, on February 9, 2005. [1] Molson Coors acquired full ownership of the Miller brand portfolio from SABMiller in 2016. [2]
Think twice before toasting shares of Boston Beer, maker of Truly hard seltzer, warns Goldman Sachs.
Boston Beer Company — known for products such as Angry Orchard, Truly Hard Seltzer, Samuel Adams and Twisted Tea — measured a 3.83 percent downward spiral. Molson Coors,… Surgeon general’s ...