|Exchange:||New York Stock Exchange|
|Stock:||Boston Beer Company, Inc.|
|Industry:||Beverages - Brewers|
|Boston Beer Company, Inc., is the craft brewer in the United States. In fiscal 2013, the Company sold approximately 3.4 million barrels of its proprietary products. During 2013, the Company sold over fifty beers under the Samuel Adams® or the Sam Adams® brand names, ten flavored malt beverages under the Twisted Tea® brand name, eight hard cider beverages under the Angry Orchard ® brand name, and over twenty beers under four of its Alchemy & Science subsidiary’s brand names. It produces malt beverages and hard cider at Company-owned breweries and under contract arrangements at other brewery locations. The Company-owned breweries are located in Boston, Massachusetts (the Boston Brewery), Cincinnati, Ohio (the Cincinnati Brewery), Breinigsville, Pennsylvania (the Pennsylvania Brewery) and Los Angeles, California, (the Angel City Brewery). The Company’s beers are mainly positioned in the Better Beer category of the beer industry, which includes craft (small, independent and traditional) brewers, domestic specialty beers and most imports. The Company consists of two operating segments that each produce and sell alcohol beverages. The first operating segment is comprised of the Company’s Samuel Adams®, Twisted Tea® and Angry Orchard® brands. The second segment is the A&S Brewing Collaborative which is comprised of The Traveler Beer Company, Angel City Brewing Company, Concrete Beach Brewing Company, Coney Island Brewing Company and The Just Beer Project. Both segments have similar economic characteristics. They also sell predominantly low alcohol beverages, which are sold to the same types of customers in similar size quantities, at similar price points and through the same channels of distribution. The Company currently has arrangements with approximately 345 wholesale Distributors. The Company competes with domestic craft brewers. Its Twisted Tea products compete within the FMB category of the beer industry. Its Angry Orchard and HardCore products compete within the hard cider category. The Company’s operations are subject to a variety of extensive and changing federal, state and local occupational health and safety laws, regulations and ordinances that govern activities or operations.|
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