Boston Beer Company
 |
|
| Public | |
| Traded as | : SAM S&P 400 Component |
| Industry | Alcoholic beverage |
| Founded | 1984 |
| Founders | Jim Koch, Rhonda Kallman |
| Headquarters | Boston, MA (Administrative Offices and Brewery) |
|
Key people
|
C. James Koch Chairman Martin F. Roper President and Chief Executive Officer Frank Smalla Chief Financial Officer and Treasurer Quincy Troupe Vice President of Operations John C. Geist Chief Sales Officer David L. Grinnell Vice President of Brewing |
| Products | Beer |
|
Production output
|
4.1 million US beer barrels (4,800,000 hL) in 2014 |
| Revenue |
 US$903.007M (FY 2014)
|
|
US$146.573M (FY 2014)
|
|
| Profit |
US$90.743M (FY 2014)
|
| Total assets |
US$605.161M (FY 2014)
|
| Total equity |
US$436.140M (FY 2014)
|
|
Number of employees
|
1,325 (December 27, 2014) |
| Website | www |
The Boston Beer Company is a brewer founded in 1984. Boston Beer Company's first brand of beer was named Samuel Adams (often shortened to Sam Adams) after Founding Father Samuel Adams, an American revolutionary patriot. The company launched Angry Orchard brand hard ciders in 2012.
Based on sales in 2014, the Boston Beer Company is the second-largest craft brewery in the U.S.
The Boston Beer Company was founded in 1984 by James "Jim" Koch and Rhonda Kallman. The initial beer offering was Samuel Adams Boston Lager, a 4.8% abv amber or Vienna lager. Koch, the sixth-generation, first-born son to follow in his family's brewing footsteps, brewed his first batch of the beer in his kitchen, using the original family recipe for Louis Koch Lager. At the time, Koch was working at Boston Consulting Group after receiving BA, MBA and JD degrees from Harvard University. While serving in his role as a manufacturing consultant at BCG, Koch developed a business plan for a locally focused beer company. He invested $100,000 of his own money and raised additional funds from investors, family members, and friends including former classmates and BCG colleagues. The company was organized as a limited liability partnership which prohibited most early investors from having active management roles in the company. However, one early investor, John B. Wing, held a board seat until 2002.
Koch named his beer after the Boston patriot Samuel Adams, who fought for American independence, and who also had inherited a brewing tradition from his father. In March 1985, Koch introduced the beer as Samuel Adams Boston Lager, over Patriot's Day weekend which honors the first battle of the American Revolution and today is more widely known for the running of the Boston Marathon. Six weeks later, Samuel Adams was voted "Best Beer in America" at the Great American Beer Festival, in which 93 national and regional beers competed. The beer was first put on tap at Doyle's Cafe in Jamaica Plain.
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Wikipedia