The Boston Beer Company was founded in 1984 by James Koch and Rhonda Kallman. Koch was the sixth-generation, first-born son to follow in his family’s brewing footsteps, brewed his first batch of beer in his kitchen.
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.
In 1997, the company acquired the Hudepohl-Schoenling Brewery, which allowed the company to produce its own beer, rather than rely on contract brewing from other businesses.
In April 2008, the Boston Beer Company issued its first recall due to potential defects found in certain 12-fluid-ounce glass bottles manufactured by a third-party supplier which, at the time, supplied about a quarter of the bottles that the company used.
The company went public on the NYSE (under the ticker symbol SAM) in 1995. Like many stocks, SAM has its ups and downs, but The Motley Fool states that the company is still listed as a buy due to strong leadership.
Boston Beer Company maintains a corporate office in Boston, Massachusetts.
The Boston Beer Company was founded in 1984 by James Koch and Rhonda Kallman. Koch was the sixth-generation, first-born son to follow in his family’s brewing footsteps, brewed his first batch of beer in his kitchen.
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.
In 1997, the company acquired the Hudepohl-Schoenling Brewery, which allowed the company to produce its own beer, rather than rely on contract brewing from other businesses.
History
In April 2008, the Boston Beer Company issued its first recall due to potential defects found in certain 12-fluid-ounce glass bottles manufactured by a third-party supplier which, at the time, supplied about a quarter of the bottles that the company used.
The company went public on the NYSE (under the ticker symbol SAM) in 1995. Like many stocks, SAM has its ups and downs, but The Motley Fool states that the company is still listed as a buy due to strong leadership.
Boston Beer Company maintains a corporate office in Boston, Massachusetts.
