|Exchange:||New York Stock Exchange|
|Stock:||Boston Beer Company, Inc.|
|Industry:||Beverages - Brewers|
|The Boston Beer Company, Inc., is a craft brewer in the United States. In fiscal 2011, Boston Beer sold approximately 2.5 million barrels of its proprietary products and brewed or packaged approximately 13,000 barrels under contract for third parties. Boston Beer 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, Cincinnati, Ohio and Breinigsville, Pennsylvania. The Company’s beers are mainly positioned in the Better Beer category of the beer industry, which includes craft brewers, specialty beers and most imports. The Company sells its products to a network of approximately 400 wholesale distributors. These distributors, in turn, sell the products to retailers, such as pubs, restaurants, grocery chains, package stores, stadiums and other retail outlets, where the products are sold to drinkers. The Company sells its products predominantly in the United States, but also has markets in Canada, Europe, Israel, the Caribbean, the Pacific Rim and Mexico. 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 more restrictive regulations and increased taxation by federal, state and local governmental entities than are those of non-alcohol related beverage businesses.|
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