Aktienbrauerei_Kaufbeuren

Aktienbrauerei Kaufbeuren

Aktienbrauerei Kaufbeuren

German brewery

Aktienbrauerei Kaufbeuren is a brewery in the town of Kaufbeuren, Germany. It is the oldest brewery in Swabia, mentioned in official records from the year 1308.[2] It is a joint stock company with shares traded on the Munich stock exchange.[3]

Quick Facts Location, Coordinates ...
Aktienbrauerei building in Kaufbeuren

History

A document from 1308 records that Heinrich der Twinger – a Kaufbeuren citizen – bequeathed all his property to the town's Holy Ghost Hospice including his brewhouse. This formed the basis of what became the Aktien brewery in Kaufbeuren. The name changed over the centuries as it bought up other producers, with its current name dating back to 1920. Aktienbrauerei means literally "share brewery", meaning that it is owned by its shareholders.

The Kaufbeuren Brewers Guild was formed in 1325 making a declaration that all beers produced in the town could only use barley, hops, and pure water.[4] All other ingredients were banned. This pre-dated the Bavarian Reinheitsgebot (Purity Order) of 1516 by almost 200 years. In the 17th century the brewery became one of the first in Bavaria to offer wheat ales, a speciality previously reserved for Bavarian royalty. Today’s brewery buildings with deep cellars were built in 1807. Aktien Brewery won several international beer competitions from the late 1800s on. It continues to use locally grown Hallertau hops and grains from the same farms they have been using for over 700 years.

In 1997, it bought out the Rosen-Brauerei, its last remaining competitor in Kaufbeuren.[5] The start of the 2000s saw changes of trading names and of ownership of the majority of the company's shares. In 2004/2005 it reported an operating loss of around 600,000 Euros.

In 2013, US billionaire John Paul DeJoria took a 55% stake in the company,[6] acquiring the remaining 45% in September 2017.[7] The brewery forms part of DeJoria's ROKit group of companies through which it is marketed internationally under the name ABK Beer,[8] appearing on Williams Formula One racing cars in 2019.[9][10][11]

See also

Wikimedia Commons has media related to Aktienbrauerei Kaufbeuren.

References

  1. [1]
    "Könner brauen für Kenner". Wirtschaftsforum (in German). Retrieved 15 March 2021.
  2. [2]
    "Aktienbrauerei Kaufbeuren Kellerbier Anno 1308". www.bierstars.de>. Retrieved 2021-06-27.
  3. [3]
    München, Börse. "Aktienbrau.Kaufbe I - 501300 - Aktiendetails". Börse München (in German). Retrieved 2021-06-27.
  4. [4]
    "History | ABK Beer | Buy ABK Beer Online | Official home of ABK Beer". www.abkbeer.com. 2013-05-10. Retrieved 2021-06-27.
  5. [5]
    "Albert Gieseler -- Rosenbrauerei Kaufbeuren Xaver Kraisy GmbH & Co. KG". www.albert-gieseler.de. Retrieved 2021-06-27.
  6. [6]
    "Germany: American Investor buys 91.5% of Aktienbrauerei Kaufbeuren". www.inside.beer. 30 August 2017. Retrieved 2021-06-27.
  7. [7]
    "ROK Stars : Announce JP's Nevada Trust Completes Acquisition of Aktienbrauerei Kaufbeuren Aktiengesellschaft". MarketScreener. 2017-09-06. Retrieved 2020-08-28.
  8. [8]
    "History". ABK Beer. Retrieved 2020-08-28.
  9. [9]
    "Kaufbeuren goes Königsklasse: So kommt das ABK-Logo auf einen Formel-1-Renner". Allgäuer Zeitung (in German). 15 February 2019. Retrieved 21 February 2020.
  10. [10]
    "ROK Group expands Williams commitment". SportBusiness. SBG Companies Limited. 24 October 2019. Retrieved 21 February 2020.
  11. [11]
    Noble, Jonathan (29 May 2020). "Williams to reveal new F1 livery after terminating ROKiT deal". Motorsport Network. Retrieved 2020-08-28.


Stub icon

This German corporation or company article is a stub. You can help Wikipedia by expanding it.
Share this article:

This article uses material from the Wikipedia article Aktienbrauerei_Kaufbeuren, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.