There’s no doubt about it; the craft brewing business is
booming in the United States. Today’s craft beer industry comprises a $20
billion market featuring more than 3,400 brewers around the country, and the
fraternity is continuing to expand by more than one brewery with each passing
day. According to a report by the Brewers Association, this recent growth has
helped craft beers inch above 10 percent of total beer market share, and
industry insiders suggest that continued expansion of smaller breweries could
help the craft beer market double that percentage in the coming years.
Appalachian Mountain Brewery is capitalizing on this rising
market demand through the production and commercialization of a full range of
craft beer options. The company’s dedication to excellence has helped it
achieve a host of industry recognition for its specialty brews – including
claiming top prize at the 2014 ‘Start Up Brewery Challenge’ hosted by Craft
Brew Alliance (NASDAQ: BREW) and four medals at the U.S. Open Beer
Championships.
In recent months, HOPS has taken major steps toward
expanding its distribution network, which should provide a platform for
considerable financial growth in the future. In March, the company entered into
a distribution agreement with Craft Brew Alliance that allowed HOPS to extend
its reach to encompass the majority of its home state of North Carolina. Before
the end of 2015, this partnership is also expected to help facilitate
additional expansion throughout the Appalachian region, vastly increasing
HOPS’s distribution potential.
“We are committed to bringing distinctive, authentic craft
beers and brands that are rooted in community and local heritage to beer lovers
across the United States,” Andy Thomas, chief executive officer of Craft Brew
Alliance, stated in a news release. “North Carolina is one of the fastest-growing
craft beer states, and the opportunity for Appalachian Mountain Brewery – which
is loved just as much for its delicious brews as its leadership in
sustainability and community involvement – is tremendous.”
During the first three months of 2015, the company
demonstrated its tremendous market potential by posting an increase in
quarter-over-quarter gross profit of nearly 12 percent. Look for HOPS to build
on this financial growth moving forward as it continues to leverage the
distribution capabilities afforded through its agreement with Craft Brew
Alliance. For prospective shareholders, the company’s recent actions could
foreshadow an opportunity for sustainable returns in the months to come.
For more information, visit www.appalachianmountainbrewery.com
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