Anheuser-Busch Acquires Seattle-Based Elysian Brewing Company
With the Super Bowl less than two weeks away, excitement about Seattle is in the air—and Anheuser-Busch is feeling it. This morning the AB InBev brewing giant added another craft brewing feather to its portfolio, announcing that it has entered into an agreement to acquire Seattle-based craft brewery Elysian Brewing Company. In a press release from Anheuser-Busch, the company talked about what makes Elysian a standout craft brewery worth investing in:
This marks AB InBev’s second West Coast craft brewing acquisition in almost as many months—in November 2014, the brewing company picked up Oregon’s 10 Barrel Brewing Company along with its brewpubs in Bend, Oregon and Boise, Idaho. Much like 10 Barrel, Elysian has also seen impressive growth—founded in 1995, the brewery today has considerable regional distribution into 11 states and abroad, and sold more than 50,000 barrels in 2014. The new partnership with Anheuser-Busch should also similarly help Elysian expand its scope of distribution in coming years. Also in the press release, Elysian CEO Joe Bisacca expressed excitement about what the support of a backer like Anheuser-Busch could mean for the brewery:
Anheuser-Busch acquired Elysian for an undisclosed sum, in a transaction that also includes four brewpubs (Elysian Capitol Hill, Elysian Tangletown, Elysian Fields and Elysian BAR) along with the brewery proper. The transaction is expected to be finalized by the end of Q1 2015.
Ireland could create template for global food sustainability
Leveraging innovation could cultivate new agricultural breakthroughs, making Ireland the most responsible and sustainable food producer on Earth, according to a renowned local luminary.
Economist and author David McWilliams has insisted that Ireland can become a pivotal carbon-neutral, resource-efficient and sustainable food producer – possibly the most influential on the planet.
He does acknowledge, however, that there are considerable obstacles on the country’s trailblazing journey to complete energy-efficient and sustainable food production.
McWilliams also claims that the widely-held belief within the EU that reducing food production thus reduces carbon emissions does not tally.
“For the European Union to get an aggregate reduction in carbon emissions,” said McWilliams at the Alltech ONE Ideas Conference. “It would seem to me much more logical to favour those countries that have had an evolutionary, ecological or environmental gift, in order to actually produce more, not less, because your input-output ratio is so much lower than it is either in the parched Mediterranean or in the frozen tundra of the North.”
Reflecting on the situation in the US, McWilliams said its agriculture output had tripled between 1948 and 2015, with exponential gains in efficiency. Surprisingly, agriculture only contributes to 7.5% of total US greenhouse gases, far below the 30% attributed to cars.
“I think American culture is changing, at least when you see it from the outside,” said McWilliams said of President Biden’s approach. “He's saying, ‘There's no point being wealthy if the wealth is only in the hands of a small minority. The wealth has to trickle down to everybody else.’”
McWilliams concluded that for Irish agriculture to modernise and grow, it should use one of Ireland’s leading sectors – technology – as a frame of reference. It currently generates over $25 billion in exports.