Home' National Liquor News : NLN SEPT 2016 Contents 44 | SEPTEMBER 2016 NATIONAL LIQUOR NEWS
Malt Shovel Brewery
has released its latest
variation, James Squir
Hop Thief 8, which is
packed full of USA
hops, and available
The latest Hop
Thief comes off
the back of its
Thief 7 selling more
than 1.9 million litres
8 is described
as having, "a
tang, vibrant hint of
citrus, alluring scent of grapefruit and
spice with floral aromas."
Malt Shovel Brewery head brewer
Chris Sheehan said the team searched
the northern hemisphere hop harvest for
the best hops in the world.
"The team and I have had a ball
searching the world for our next
signature hops and this search took
us to the Yakima Valley in Washington
"The desert like conditions at the
base of the Cascade Mountains coupled
with abundant irrigation, provided
by the Yakima River, create an ideal
environment to produce what many say
are the world's finest hops -- and this is
what we chose for Hop Thief 8," said
The Malt Shovel brewing team chose
Cascade hops, the quintessential
American pale ale hop, which they had
never used before, and Crystal hops,
which bring spice with floral aromas.
Both were sourced from the base of
the nine million year old Yakima River,
where hop production began way back
"Whilst Hop Thief 8 looks lighter than
version seven, previous Hop Thiefs have
been a bit dark so we've tweaked the
malt bill to bring the colour back to be
true to style," explained Sheehan.
"It's got the same full mouth feel of
number seven, the body of the beer is
identical and the flavour is that little bit
more controlled. It's very drinkable.
"We've also bumped the bitterness
up, which some might say works against
the current easy drinking trend... but
trust us, bitter is good in this beer."
BREWERS REVEAL TIMETABLE FOR MEGA-MERGER
AB InBev and SABMiller have revealed the proposed
timetable for their merger, which would see the new mega-
brewer created before the end of 2016.
The timetable takes into account the regulatory
requirements for the publication of documents to AB InBev
and SABMiller shareholders, as well as those in the Newbelco
company, which is the new name for the brewing giant.
The final transaction will take place over three stages,
with the UK Scheme Document published on 26 August,
AB InBev and SABMiller shareholder meetings on 28 September and the merger expected to be completed on
The UK Scheme Document will set out the terms for AB InBev's purchase of SABMiller and the movement
of shares to Newbelco, which will be listed on the Belgian stock exchange. SABMiller shareholders will review
that document and AB InBev, SABMiller and Newbelco are all scheduled to hold general meetings on 28
September, in which they will discuss and vote on the terms of the deal.
To become effective the UK Scheme requires approval at the UK Scheme Court Meeting, which is also
scheduled to take place on 28 September. The Court Meeting will ascertain if enough shareholders have voted
in favour of the deal and then the SABMiller general meeting will pass a resolution to approve the deal.
Following the UK Scheme Court Meeting and the SABMiller General Meeting, the UK Scheme will need to
be sanctioned by the UK Court. The UK Scheme Court Sanction Hearing is intended to be held on or around 5
October 2016. That will also represent the final day of trading for SABMiller shares.
Subject to approval through those stages the SABMiller shares will then transfer to Newbelco, with the merger
becoming effective and the combination complete on 10 October. The new listing of the combined group on the
Euronext Brussels will take place on 11 October, with secondary listings going on to the Johannesburg Stock
Exchange, the Mexico Stock Exchange and the listing of Newbelco ADSs on the New York Stock Exchange.
SALES DOWN, PROFITS UP
Lion has published its trading update for the half-year ending 31 March
2016, in conjunction with the half-year announcement from its parent
company Kirin Holdings.
Lion's underlying net sales revenue fell by 2.1 per cent, with an actual net sales
revenue across the group of $2404 million. The company said that a "focus on
higher value product categories" as well as "good cost management" helped the
group to deliver a two per cent increase in underlying group operating earnings
to $406.1 million for the half, with actual Lion group operating earnings of
$384 million. Lion said it "remains on plan" to deliver full-year earnings.
Lion CEO Stuart Irvine said: "Lion continues to invest to reinvigorate the beer categories in both
Australia and New Zealand through our Beer the Beautiful Truth initiative and to focus our Dairy and
Drinks business on categories with the greatest potential to deliver sustainable returns, in line with our
"We were excited to open our first Little Creatures hospitality venue in Hong Kong in July, tapping into
the burgeoning craft beer scene in Asia."
The group's beer, spirits and wine division in Australia saw total volumes decline by 3.2 per cent, but a
strong performance from the craft portfolio helped to soften the revenue impact.
That craft beer performance was underlined by double digit growth for James Squire One Fifty Lashes,
Little Creatures Pale Ale and James Squire Hop Thief. The company also said that plans are "well
underway" for the refurbishment of the Byron Bay Brewing Co's hospitality venue on the north coast of
NSW. Lion bought the Byron Bay brewer in April this year.
Finally Lion confirmed that the transfer of the AB InBev brands will happen on 1 October, but the
company said that it "retains a compelling blend of domestic and international brands, including via its
joint venture with Heineken, and looks forward to investing behind these brands for future growth".
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