Joe Boomgaard

Joe Boomgaard

Editor, covers craft beverage industry.
Twitter: @jboomgaard
Email: [email protected]

After more then six decades under the ownership of the Stafford family, the Greenville Daily News is selling to new owners.

Wednesday, 15 May 2019 09:52

ICCF plans move to new HQ in Grand Rapids

After helping save one historic building from the wrecking ball and rehabilitate it into usable office space, the Inner City Christian Federation is looking to do “an encore performance.”

South Bend, Ind.-based Teachers Credit Union plans to acquire New Bancorp Inc., the parent company of New Buffalo Savings Bank.

As more generations become exposed over time to the craft beer industry, brewers will face new opportunities to find growth and challenges to their existing business models. Add in a healthy dose of regulatory uncertainty and shifting market dynamics that could easily catch breweries off guard financially if they scaled up too large, too soon and it’s easy to see that the craft brewing industry remains in a state of constant flux.

In the hyper-competitive craft beer industry in which growth has started to level off in recent years, Old Nation Brewing Co. proves the exception to the rule. The Williamston-based brewery has garnered a name for itself with its M-43 brand, a popular New England-style hazy India Pale Ale that carries a suggested retail price of $13.99 per four-pack of 16-ounce cans.

Macatawa Bank Corp. recorded strong earnings growth for the first three months of 2019.

After stories began to emerge in late 2017 that tannery wastes had contaminated the Rogue River, customers at nearby Rockford Brewing Co. started expressing concern about the safety of drinking the beer. Even though Rockford Brewing was connected to municipal water, which has tested non-detect for the PFAS family contaminants over four rounds of testing, the brewery still faced a possible PR crisis, said co-owner Seth Rivard.

When Chico, Calif.-based Sierra Nevada Brewing Co. put out the “bat signal” seeking help to support victims of last year’s catastrophic Camp Fire in northern California, the Michigan craft brewing industry set into motion. Their rallying point: Resilience Butte County Proud IPA. Sierra Nevada created the beer as a fundraiser, pledging to donate 100 percent of its profits from the sale of the product to the Camp Fire Relief Fund. The 10th-largest U.S. brewery then shared the recipe online and encouraged breweries all over the country to participate.

MUSKEGON — Shifting dynamics in the automotive industry convinced family-owned Hines Corp., an industrial holding company, to seek a buyer for its Michigan Spring & Stamping LLC operations. The decision came after Michigan Spring successfully launched a new production facility in China in September 2018 in response to demands from a key customer, said George “Bud” Hendrick III, executive vice president of corporate development at Hines Corp.

The founding couple whose initials gave ELK Brewing LLC its name are no longer with the company.

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