Buckbean Brewing will be closing its doors forever at the end of this month. February 29 will be the end of this brewery. This was reported by Adam over at Beernews.org. You can see his article here.
Jim and I have warned about this before, and it looks as though the future is upon us. With all the new craft breweries opening up, some will necessarily have to close. The market for craft beer is large, and growing, but the industry will eventually hit a saturation point and you will see lots of closures and mergers. Change is built into the system.
So, although some will be devastated that this is happening, it is sure to create winners and losers. The winners won’t mind at all. You can argue that Buckbean produced marginal beers, but ultimately it was a combination of costs vs demand that led to their demise. Gotta keep that demand up! If you’re gonna survive you have to keep pushing outwards. At least that is what it looks like from this vantage point.
RIP Buckbean. The story at Beernews also said there were three other breweries that closed within the last two weeks, but no word on who they were. Has anyone heard? If so let us know in the comments.
UPDATE: Looks like the count continues to grow. Adam now reports it is up to 6 breweries/brew pubs that have closed in the last 2 weeks.