Boston Beer Ordered to Pay $191M in Ardagh Packaging Contract Dispute

A federal court has ordered Boston Beer to pay $191 million in a contract dispute with Ardagh Metal Packaging. ⚖️🥫

The U.S. District Court for the Northern District of Illinois entered a $175.5 million amended final judgment, plus $15.5 million in pre-judgment interest, after a jury found Boston Beer failed to meet contracted aluminum can minimums between 2021 and 2025. The company plans to appeal and says it will pursue all posttrial motions, while also noting the ruling will impact upcoming earnings — including a $21 million reduction in previously estimated interest expenses.

The case traces back to 2022 and overlaps with ongoing declines at Truly Hard Seltzer, which remains under pressure with mid-teens sales and volume drops this year. 📉

Link to the full story in the first comment below 👇

#BostonBeer #Ardagh #HardSeltzer #BeverageIndustry #BeerBusiness #CPGNews #Packaging