Magic Hat sold to owner of Genesee

first_imgMagic Hat Brewery & Artifactory,North American Breweries recently announced the purchase of Independent Brewers United which owns Magic Hat, Pyramid and MacTarnahan’s beer. The purchase includes three breweries and five Alehouses and a retail store affiliated with one of the breweries. Terms of the deal were not disclosed. According to company officials, employment levels at the Burlington-based brewery would not be effected. According to Rich Lozyniak CEO of North American Breweries, the new beers add craft brewing credibility, and variety to the beers currently offered by the company. ‘We are really excited to add Magic Hat, Pyramid and MacTarnahan’s beers to North American Breweries. All three brands have a rich history of craft brewing that helps us gain acceptance in that tight-knit community,’ said Lozyniak. ‘By having more beers to offer our customers, wholesalers and retail accounts, we can better compete with the multi-national mega brewers who dominate the U.S. beer industry.’ Along with the new craft beer offering, North American Breweries also imports and sells Imperial, Labatt Blue and the Labatt family of beers. Out of its Rochester brewery it makes and sells the historic line of Genesee beer, Dundee Ales & Lagers, the Original Honey Brown Lager and Seagram’s Escapes.‘The industry has taken a turn away from the mega brewers. We have a collection of regional and heritage brands that position us well among today’s beer drinkers,’ said Rich Lozyniak. ‘At a time when the overall beer industry is in decline, we’re growing across brands which essentially created a great opportunity to collaborate with some of the best craft brewers in the business.’According to the company, the heritage and brand position of Magic Hat, Pyramid and MacTarnahan’s will be closely guarded. ‘The credibility that these brewers have developed in the craft beer segment is key to our success. We will work hard to carefully maintain and grow what was passionately created by people who love to drink and brew beer.’The new brands mean the addition of three new breweries, one each in: Portland, Oregon; Berkeley, California; and Burlington, Vermont. Magic Hat is the 10th largest craft brewery in the country, while Pyramid is the fifth largest. Both companies have a strong following of loyal consumers who love the craftsmanship that go into each unique beer.Together Magic Hat, Pyramid and the Portland Brewing Co. (MacTarnahan’s) employ about 600 people. Currently, North American Breweries has approximately 500. ‘We’re a hardworking group of people with a strong track record of brewing beer, building brands and executing in the marketplace,’ said Lozyniak.Under North American Breweries’ leadership, sales of Labatt Blue and its family of beers, Genesee,  Dundee Ales & Lagers, and Seagram’s Escapes have jumped.  ‘We have a great opportunity to continue to grow. Magic Hat, Pyramid and MacTarnahan’s come with strong brand-building assets like the Artifactory, Alehouses and breweries,’ said Lozyniak. ‘We now have more opportunities than ever to connect with our beer drinkers and tell our story.’North American Breweries’ Plans for Magic Hat, Pyramid and MacTarahan’s·        The beer will remain the same: it will be brewed by the same people in the same breweries, using the same recipes, ingredients and commitment to artisanship as it has always been.·        All breweries, Alehouses and the Artifactory will remain open. They provide a unique opportunity to sample and showcase the company’s best beers and brewing capabilities. Through the retail locations, we can talk to customers about the beers they want us to make. North American Breweries’ Promise ·        We will communicate regularly and openly to our employees and at times ‘ the media ‘ about our business.·        We put a very high value on our people and believe they are key to helping us compete with the mega, multi-national brewers who dominate the U.S. beer industry.·        We will grow our brands by introducing them to new consumers and in new geographies through a focused sales and distribution effort.·        We believe in working with one another to make our company great. We regularly adopt best practices company-wide.center_img About North American BreweriesNorth American Breweries, headquartered in Rochester, New York was formed in 2009. The company imports and markets Imperial, Labatt Blue and the Labatt family of beers in the U.S.  Its brewery makes and sells the historic line of Genesee beers, Dundee Ales & Lagers, the Original Honey Brown Lager and Seagram’s Escapes.-30-last_img read more

Massachusetts legislature considering local fossil fuel divestment option

first_img FacebookTwitterLinkedInEmailPrint分享Energy News Network:The Massachusetts Legislature is considering measures that would clear the way for municipal and county retirement systems to pull out of fossil fuel investments. The proposals follow several defeated attempts to get the state system to divest.“We’ve been thinking this would be an easier way to allow fossil fuel divestment to move forward in Massachusetts,” said Randi Mail, executive director of MassDivest. “Instead of top-down, it would be bottom-up.”Divestment has been a tool used to promote social change since at least the 1970s, when anti-apartheid activists urged institutions to move their investment dollars away from companies that did business with South Africa. Fossil fuel divestment has been gaining momentum in recent years, with more than 1,000 institutions pledging to remove $8.55 trillion from investments in the fossil fuel sector, according to Fossil Free, a project of climate action group 350.org.Massachusetts’ latest efforts have their origins in the city of Somerville in 2014, when local activists began pressing the municipal retirement system to divest. In 2017, the system’s governing board agreed and moved $9.2 million — 4.5 percent of the total invested funds — out of fossil fuel investments.However, the Massachusetts Public Employee Retirement Administration Commission (PERAC), the regulatory body that oversees public pension systems, rejected the move. First, it told Somerville to reverse the move because of a procedural issue. Later, it prohibited fossil fuel divestment entirely, arguing that avoiding an entire class of investments was a breach of fiduciary duty. Essentially, PERAC claimed Somerville was failing to put the financial needs of its beneficiaries ahead of social and environmental causes.The Somerville Retirement Board disagrees with this assessment. In shaping its divestment plans, the board heard from many experts and concluded that there is, in fact, a lot of financial risk in investing in fossil fuels. Demand for fossil fuels is likely to drop as much of the global economy shifts to renewable energy, and increased storm frequency due to climate change can cause supply chain disruption and infrastructure damage for oil companies, said Alex Nosnik, a member of the Somerville board. “From the fiduciary perspective, there are a lot of questions as to the economic health of the fossil fuel sector moving forward,” Nosnik said. “Risk, certainly in concert with the environmental and social issues, was driving our decision to move forward.”More: Massachusetts bill would free local retirement systems to divest from fossil fuels Massachusetts legislature considering local fossil fuel divestment optionlast_img read more

Credit unions strive to offer the best value for your banking dollar

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit unions have been providing superior, reasonably priced products and services to their members for going on 100 years in the U.S., so I think the assertion made by Martha White (“One Big Perk of Using a Credit Union Just Disappeared,” Jan. 7) about the median overdraft fee found at credit unions vs. banks does a great disservice to credit unions and the more than 102 million American consumers who are credit union members today.Credit unions, owned and led by their members, have a vested interest in making sure their members know how to get the best value for their dollar. They work every day to make sure their members understand the terms and conditions of the financial products and services that are offered, and they have a strong track record of working closely with their members to resolve any disputes or concerns. This is true particularly in the case of overdraft fees.This June, we surveyed our own member credit unions on overdraft, and every respondent to that survey said they offer alternatives to overdraft or courtesy pay programs. Some 84% said the most popular of these, among their own members, are overdraft lines of credit and linked savings accounts. And nearly every respondent–97%–will reverse an overdraft charge on a case-by-case basis.Most of the credit unions in this survey said they make it a practice to contact members who repeatedly incur overdrafts. Additionally, more than 81% provide financial literacy education to their members that specifically focuses on overdraft avoidance. Moreover, any credit union member can opt out of overdraft at any time. continue reading »last_img read more

7 ways you could be putting yourself in debt

first_img1. Trying to keep up with the JonesesWe have all seen our friends and coworkers with some new purchase that we can’t help but be jealous of. That jealousy is a dangerous thing which can lead to unnecessary purchases. Don’t plan your purchase around others who could possibly be making bad financial choice. Trying to keep up is often an unwise way to spend your money.2. Spending too much on creditPurchasing something on credit is a convenience, but also can be a hindrance on your financial wellbeing. Credit is basically a loan and should be viewed as such. Really consider any purchase that you can’t afford to spend cash on right now. Only paying the monthly minimum payments on a credit card will have you paying a fortune in interest and put you deeper in debt.3. Having a reduced income, same expensesWhether from a layoff, reduced hours or a spouse having to take some time off, you’ll need to adjust your budget in accordance with any changes to your pay. Not making changes could lead to large debt and stress.4. Family spending issuesCommunication is a key skill to have when earning money, but perhaps even more important in keeping it. As seen on TV time and time again, a wife sneaking out on a shopping spree or a husband trying to hide his new set of golf clubs can cause financial headaches. Even small purchases add up. You need to understand your financial capabilities, and then share them with everyone in your family.5. Not creating a budgetThis is seen as a problem on every personal finance website, blog, article and app out there. It seems like a no brainer but according to the National Foundation for Credit Counseling, nearly two-thirds of adults don’t track their spending. Writing down you expenses can make identifying unnecessary purchases incredibly easy, and gives you a point of reference on the path to improving your financial health.6. Helping a friend with a loanOn occasion someone may ask you to cosign a loan or borrow some cash. The old adage of never lending a friend money holds true. If for some reason they were to not able to pay the loan back, you are losing money, and possibly stuck making monthly payments. Don’t risk your financial health for a something that could strain your friendship as well.7. Using credit to pay debtGetting debt consolidation loans can be a great way to roll several debts into one single payment with a low interest rate, but be aware. The best plan of action is to create a plan for paying off the debt rather than taking on new debt to pay it off. 124SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Tyler Atwell Web: www.cuinsight.com Detailslast_img read more

Hard-to-identify E coli strain found in UK outbreak

first_img The cases in England occurred about the same time as the Scottish nursery outbreak. The English samples were received for testing between April 25 and May 4 in conjunction with cases of HUS. Typing showed the isolates to be the same, and the BBC reported that investigators from Scotland and England were working together to determine whether any common factors link the cases from the different regions. The outbreak strain grows on sorbitol-containing agar (SMAC) and does not grow on the selective media (CT-SMAC) usually used for Shiga toxin–producing E coli (STEC) O157. Thus, illness cases caused by this strain, called a sorbitol-fermenting strain, could be missed in laboratories unless other testing methods are used. Jun 8, 2006 (CIDRAP News) – An unusual strain of Escherichia coli O157 that standard laboratory culture methods cannot detect has been identified in a disease outbreak associated with a nursery in Scotland and in other cases in Scotland and England, according to recent news reports. In a BBC story, Dr Cowden said, “This unusual strain reacts differently in the laboratory from other types of E coli O157, and this is why we are interested in finding out more about it. It produces the same symptoms as other strains, and our advice to reduce the possibility of becoming infected with any type of E coli remains the same.” Four unrelated adult cases of infection with the same strain have been identified elsewhere in Scotland, as have four cases in Yorkshire and the Humber region in England, according to BBC News reports. Sorbitol-fermenting Vero cytotoxin-producing E coli O157 (VTEC O157). CDR Weekly 2006 May 25;16(21) [Full text of the issue] UK health authorities have issued revised guidelines to laboratories and specialists to address possible cases involving this strain, according to a report in the May 25 Communicable Disease Report Weekly, published by the UK Health Protection Agency. They recommend that when clinical symptoms suggest STEC, especially in children younger than 15 years and adults 65 or older, and presumptive sorbitol-nonfermenting E coli O157 colonies are not observed on SMAC or CT-SMAC, then sorbitol-fermenting colonies should be tested for agglutination with E coli O157 antiserum. Colonies that have positive agglutination tests should be identified as E coli and sent to the proper health laboratory for confirmation, phage typing, and detection of Shiga toxin genes. The disease outbreak began at a nursery in Dunfermline, Scotland, on May 9, and had involved 13 cases of gastrointestinal illness in children and adults by late May, according to BBC News reports. Four children were hospitalized for treatment for hemolytic uremic syndrome (HUS), physicians at the Royal Hospital for Sick Children in Glasgow told BBC News. Health Protection Scotland stated that the sorbitol-fermenting strain has been rare in the United Kingdom, the BBC reported. The strain had first been identified in Germany in 1988 and was thought to be restricted to continental Europe until 2002, when it was identified in Australia and the UK. See also: Dr John Cowden, a Health Protection Scotland consultant, said clinicians had been urged to ensure that this unusual strain of E coli was not missed when screening samples from patients suspected of having any type of E coli O157 infection.last_img read more

Ivory Coast records first coronavirus death: minister

first_imgPresident Alassane Ouattara declared a state of emergency last Monday to tackle the outbreak, imposing a curfew between 9:00 pm and 5:00 am, and shutting the country’s borders.He also banned movement in and out of the economic capital Abidjan, and closed bars, restaurants and schools.Neighboring Burkina Faso has recorded 222 cases of the virus and 12 deaths.Topics : Ivory Coast’s health minister announced the country’s first confirmed coronavirus death during a daily briefing Sunday on the outbreak there.Eugene Aka Aouele gave no details on the victim’s age or sex, but said the diagnosis had been made “post-mortem”.Aouele also announced another 25 cases of the virus had been recorded, bringing the official total in the country to 165.last_img

ABP purchases €360m of Belgian green bonds

first_imgThe metal industry scheme PME invested €100m in the CI III fund from Copenhagen Infrastructure Partners, which backs large projects for wind and solar energy as well as heat generation from biomass and waste.According to Marcel Andringa, the scheme’s executive director for asset management, the investment fitted within PME’s goal to have at least 10% of its investment portfolio contributing to the UN’s sustainable development goals by 2020.The investment in CI III is part of PME’s €250m mandate to its asset manager MN to increase its impact investments.According to PME, CI III will report on returns, carbon reduction and job creation.Copenhagen Infrastructure Partners was established in 2012 by a team from Danish energy firm DONG, in co-operation with the €31bn pension fund PensionDanmark.At the moment, the company manages three investment funds with total assets of €5bn. The €409bn Dutch civil service scheme ABP has purchased €360m worth of green bonds issued by the Belgian government.Meanwhile, PME, the €47bn pension fund for the metal and electro-technical engineering industry, has taken a €100m stake in a Danish fund for sustainable energy projects in Europe and the US.ABP said its investment was part of its goal to double its stake in sustainable development to €58bn by 2020.The scheme added that it would announce its progress in its annual report for responsible and sustainable investment later this year. Belgium wants to use the proceeds of the 15-year green bonds for projects including the construction of wind farms and rail infrastructure in and around Brussels.ABP declined to be specific about expected returns, but said that it fitted “within the regular expectations” for this asset class.Last year, the scheme purchased more than €100m of green bonds from SNCF Réseau, the manager of the French rail network.After France, Belgium is the second country in the euro-zone to issue green bonds.Last year, the large Dutch asset managers APG – ABP’s asset manager – PGGM and MN signed up for €967m of 22-year French green government paper.At the time, APG said that returns would be 1.74%, attributing the modest surplus return, relative to regular government bonds, to France’s desire to make a success of the euro-zone’s first green bond issuance.PME increases investments in sustainable energylast_img read more

Hopper Dredger LESSE Passes Sea Trials

first_imgThe sea trials of the 2,300m³ trailing suction hopper dredger (TSHD) LESSE have been completed successfully, informs Royal IHC.According to the shipbuilder, during the trials, the vessel and its dredging equipment were thoroughly tested in all conditions.The LESSE was built by IHC’s partner yard MTG Dolphin BV in Varna, Bulgaria.She will be the newest addition to the fleet of Baggerbedrijf de Boer – Dutch Dredging fleet and is based on the success of IHC-built TSHDs ALBATROS and MAHURY (delivered in 2013 and 2015 respectively).The dredger is designed to maintain sea and inland waterways, as well as perform land reclamation.It is equipped with the latest electronic system to improve positioning, sounding and execution of dredging work.With a dredging depth of 30m below the waterline and a hopper capacity of 2,300m³, the LESSE is extremely efficient and can be deployed worldwide.last_img read more

Semi finals of Kubuli/Vita Malt 1st Division Basketball League off to an exciting start

first_img 28 Views   no discussions Tweet NewsSports Semi finals of Kubuli/Vita Malt 1st Division Basketball League off to an exciting start by: – August 18, 2011 Share Sharing is caring!center_img Share Share The Semi-finals of the Kubuli/Vita Malt 1st Division got off to an exciting start last night at the Massacre Hard Court.Game 1 featured the upset minded Element Agencies Ole Skool vs. the defending champions, Wesley Raptors. Ole Skool came into this game with lots of confidence, having knocked out the 2010 runner-ups and Zone B Champs, Paix Bouche Snipers last weekend and were hoping to pull off another upset. However, the Raptors were up to the task, showing everyone why they were the champs last year, by jumping out to a 38 – 20 halftime lead. Sparked by their energetic guard, Curtis Akiel, who dazzled the fans with an array of 3 pointers and jump shots, Raptors were able to withstand a short run put together by Ole Skool in the 3rd quarter, and outscored Ole Skool by 11 points in the 4th quarter, eventually winning the game easily by the final score of 75 to 50. Top scorers for the Raptors were Curtis Akiel with a game high 21 points, Clem Telemaque with 16 points, Steve Hypolite with 13 points, and Devon Barton chipping in with 10 points while only Colbert Betrand with 14 points and Bert Benjamin with 10 points were able to score in double digits in a losing effort for Ole Skool.Raptors now lead this best of 3 semi-final series by 1 – 0, with the second game scheduled for 7pm on Friday, August 19th at the Lindo Park Hard Court.Game 2 featured the undefeated Goodwill Starz facing the most improved team of the year, Pichelin Pistons, who only lost 2 games in the regular season by a combined 5 points. In what turned out to be a very exciting game from start to finish, both teams came out ready to play and to put on a good display of basketball for their fans in attendance. After a relatively slow start, Starz took a narrow 14 – 13 lead at the end of the 1st quarter, but it was the Pistons who stole the show in the second quarter, with young Yannick Regis, showing why he is one of the Leagues leading scorers, slashing and driving to the basket, making an array of runners and off balance layups, giving his Pistons team a 32 – 26 lead at halftime. The Starz team, seeing who was doing most of the damage for the Pistons, made the necessary adjustments and started to defend the lane and to play pressure defense, frustrating Yannick into foul trouble and forcing the Pistons to turnover the ball, while converting their resulting fast breaks and making their open jump shots. Starz outscored the Pistons by 7 points in the 3rd quarter to take a narrow 1 point lead going into the 4th and final quarter, After Yannick fouled out early in the 4th quarter, it looked like the game was over for the Pistons with the Starz jumping out to a 13 point lead, but the Pistons showed much heart and determination to claw their way back into the game. And it was their other young star, Kijuan Thomas putting in work, driving to the basket and making two clutch 3 pointers to cut the lead to 4 in the final minutes of the game. Starz kept their poise, however, and were able to hold off the Pistons down the stretch and when the final whistle blew, it was the Starz who were victorious by the final score of 69 to 64. Top scorers for the Starz were Daynes Peters with 16 points, Kelsey Guye with 13 points, and Jason Samuel with 10 points, while Yannick Regis and Kijuan Thomas both had a game high of 23 points, with Kimael Registe helping out with 11 points for the Pistons in a losing effort. The Starz now lead this best of 3 semi-final series by 1 – 0, with the second game scheduled for 7pm on Saturday, August 20th at the Lindo Park Hard Court.Meanwhile, the Domlec Premier Division Playoffs begin this weekend with 2 knockout games being played. First off, at 9pm on Friday, August 19th, the No-Look team, with former NBA player Garth Joseph and perennial National Team player Bernard Mills, will take on the Dr. Mac T.R. Prowlers while at 9pm on Saturday, the United Insurance Sharks will face the 2011 Ball-a-rama Champs, the Dragon Stoute Pros. All games this weekend will be played at the Lindo Park Hard Court.By Damien SorhaindoDominica Amateur Basketball Associationlast_img read more

Chelsea boss lines up £60m bid for Alaba in massive January transfer swoop

first_imgChelsea are lining up £60million bid for Bayern Munich left-back David Alaba, according to reports. And at £60m for one of the best players in the world in his position, the Bayern star could even be considered a bargain. Alaba has been at Bayern since joining their youth ranks from Austria Wien in 2008 – and has gone on to play 361 times in all competitions. He has plenty of experience of winning trophies too, which could be invaluable for the young Blues squad, securing eight Bundesliga titles and the 2012-13 Champions League crown. Alaba is also handy in the centre of midfield, which could prove to be handy for Lampard. The Munich ace’s arrival could be fast-tracked too, with Emerson, 25, on the brink of heading to Italy to join Juventus. Read Also:Alaba: “I’m still benefitting from Pep Guardiola’s advice” Now the left-back could rekindle his relationship with Maurizio Sarri – his old boss at Chelsea – but has demanded first-team assurances after being left frustrated by his lack of action this term. Emerson’s dreadful season was summed up in last weekend’s win over Arsenal, when he was hauled off after just 35 minutes. FacebookTwitterWhatsAppEmail分享 Loading… Promoted Content7 Ways To Understand Your Girlfriend BetterWhich Country Is The Most Romantic In The World?Pink Pineapples Exist – In Case You Didn’t Know18 Cities With Neverending Tourist-FlowCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Incredibly Strange Facts About Hurricanes11 Greatest Special Effects Movies Of All TimeBirds Enjoy Living In A Gallery Space Created For ThemWe’re Getting More Game Of Thrones: Enter House Of The Dragon!Some Impressive And Almost Shocking Robots That ExistWho Earns More Than Ronaldo?5 Of The World’s Most Unique Theme Parks The Blues are desperately short on the left side of defence, with Emerson Palmieri and Marcos Alonso struggling with form and injuries. Chelsea are lining up a £60m bid for David Alaba, according to reports Now boss Frank Lampard could turn to Austrian superstar Alaba, 27, in a bid to help strengthen Chelsea’s grip on the final top-four spot, say the Mirror. In his first season at the club, Lampard has been forced to play captain Cesar Azpilicueta on the left after being left less than impressed by Emerson or Alonso. Both natural left-backs are set to leave the club, either this month or in the summer. Lampard has been thrilled by the form of Reece James at right-back, with Tariq Lamptey yetanother encouraging youngster providing back-up. But a full-back tandem of James and Alaba would be the dream scenario.Advertisementlast_img read more