(BRK.A), (BRK.B)
First Berkshire Hathaway wanted to change the way you drink milk, now they want to change the way you drink beer.
In August 2015, Berkshire’s subsidiary Cornelius, Inc. signed a strategic partnership agreement with Dairyvative that made Cornelius the exclusive provider of equipment to hold and dispense concentrated milk using Dairyvative’s patented SEVENx technology.
Now, Cornelius and Sustainable Beverage Technologies (“SBT”), a Colorado-based developer of concentrated beer technologies, are launching a strategic partnership to market concentrated beer dispensing solutions to beverage brand owners and foodservice retailers across the globe.
According to SBT, using only traditional brewing ingredients (water, malt, hops, and yeast), SBT’s patented BrewVo technology utilizes a unique process called “Nested Fermentation”, in which brewers manage the fermentation environment where a highly concentrated beer is produced. When the beer concentrate is later mixed with carbonated water, the result says SBT compares to any premium beer on the market.
Under the terms of the agreement, Cornelius will be the exclusive provider of equipment to dispense the concentrated beer provided by SBT. Using Cornelius’ technology, the dispenser will utilize a state-of-the-art water filtration system that will mix carbonated water with the beer concentrate to provide the end user with a premium beverage. This solution will significantly reduce beer related space requirements within bars and restaurants creating an easy install for owners.
Cornelius, Inc., the world-leader in beverage dispensing equipment, was acquired by Berkshire Hathaway’s Marmon Group in January 2014.
© 2015 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.