🤝 Molson Coors has struck a strategic partnership with Fevertree Drinks, the parent company of UK-based NA tonics, mixers and beverages maker Fever-Tree that will see the company take an 8.5% stake in the business, making it the second largest shareholder.
Starting February 1, Molson Coors will take over exclusive commercialization rights of Fever-Tree’s offerings in the U.S., as well as co-manufacturing production, marketing, sales and distribution. Molson Coors CEO Gavin Hattersley said: “Our strategic partnership with Fever-Tree in the U.S. is a meaningful step in Molson Coors’ journey to becoming a total-beverage company with a winning portfolio of drinks for a wide variety of consumer occasions. We’ve made progress here, and today we are building on that progress in a significant way with Fever-Tree as the latest and largest non-alc brand to join our portfolio.” 🏷️ A listing for Night Shift Brewing’s Everett, MA, location popped in our feeds last week, but we’d like to ease the stress of any fans of the brewery or its taproom.
Sam Hendler, CEO of Night Shift’s parent company Hendler Family Brewing, insists that Night Shift has no plans to leave the location. Instead, the company is working with its landlord to add an additional tenant, which will use the 28,000 sq. ft. of warehouse space that has gone unused at the location for a few years. Hendler told Brewbound: “There's a mutual interest in getting an additional tenant there as soon as possible. They are actively looking for tenants … it's in our interest for this all to be resolved in a long-term manner as soon as possible. “This is a long-term issue that hopefully will find a really positive resolution that secures the Night Shift taproom staying in Everett for a long time.” 🏭 Minnesota’s Fair State Brewing Cooperative is closing its St. Paul production facility following continued economic “headwinds,” the company told employees this week. The news – which comes nearly a year after the brewery filed for Chapter 11 bankruptcy – was first reported by Fingers founder Dave Infante on BlueSky. Fair State’s Minneapolis taproom and small-batch brewery will remain open. The production facilities assets will be sold, with the lease transferred to a third party, and a “wind down” planned for the next few months, CEO Evan Sallee wrote in the employee memo. |