Officials with Nashville-based The Black Abbey Brewing Co. announced today that company has completed construction of its headquarters and has begun brewing operations.
Black Abbey expects to open its tasting room, located with the brewing facility and offices at 2952 Sidco Drive in the One Hundred Oaks area, next month, according to Carl Meier, Black Abbey Brewing Co. founder.
“It’s a great feeling to have beer in the fermenter,” Meier (on left in photo below) said in a release. “All the pieces are falling into place nicely.”
Meier and business partner John Owen began the brewing process last week.
“We have worked diligently for years to get to where we are,” said Owen (on right in photo). “We created a solid plan, executed it, and now we get to bring our passion to life — bringing unique, delicious beers to our local market. We can’t wait to welcome Nashville to our new tasting room and begin distribution to area restaurants and bars.”
The Black Abbey brand is heavily influenced by the story of protestant reformer Martin Luther, who teamed with his wife to brew beer for the Wittenberg community. On this theme, Meier said the tasting room will be called Fellowship Hall. Meier expects to open the brewery and Fellowship Hall, with three distinct varieties at the onset, by late September. Distribution to local restaurants and bars is expected to follow immediately.
Black Abbey will also participate at the Taste of Tennessee Craft Brewers Festival to be held Friday, Sept. 6, at the Tennessee State Fairgrounds.
The average per-gallon price of regular gas in Tennessee was $3.32 Sunday, unchanged compared to the mark from the previous week, according to AAA.
Relatedly, the Nashville market's per-gallon gas price average (see below) on Sunday was $3.35, down from the $3.37 mark from a week ago.
Retail gas prices are expected to remain below last year's holiday average of $3.83 nationally, when about 33 million Americans traveled during Labor Day weekend. This year, more than 34 million people are forecast to travel as the national average for a gallon of regular gasoline is about 30 cents less than the average of last year.
Gas prices have steadily dropped since mid-July, with motorists in the Southeast paying some of the lowest prices in the nation.
"At this point, it looks like motorists will enjoy relatively low gas prices during the Labor Day weekend,” Jessica Brady, AAA spokeswoman, The Auto Club Group, said in a report. "Last year during this time, Tropical Storm Isaac drove gas prices close to $4 a gallon after Gulf refineries were forced to shut down.”
The cost for a barrel of oil closed last Friday at $106.42 on the NYMEX — $1.04 less than the week prior.
The national average price of regular unleaded gasoline was $3.54 as of Sunday, the same figure as seen last week.
For comparison with Tennessee’s average of $3.32, Georgia’s average price for a gallon of regular gas was $3.46 yesterday, a rise of two cents compared to the mark of last Sunday.
Israeli holding company Delek Group on Thursday sold 1.5 million shares of Delek US Holdings, the Brentwood-based owner of Mapco Express and big refineries in Texas and Arkansas. The sale is the latest in a series of big transactions that has dropped Delek Group's stake in the local company from more than 50 percent to right about 30 percent. Delek Group booked a big gain on the sale but Delek US shares (Ticker: DK) have been retreating of late and are now up just 5 percent in 2013.
Private-equity firm Wynnchurch Capital has partnered with the CEO of metal fabrication company Imperial Group to buy the business from Accuride Corp. Imperial is based in the Dallas area but runs a big plant in Portland that cranks out parts for heavy trucks. Imperial will be paired with another fabricator recently bought by Wynnchurch, which in 2009 also acquired what became Nashville-based Vista-Pro Automotive.
Analyst Paul Cheng at Barclays Capital late last week lowered his price target for shares of Delek US Holdings to $48 from $52. Cheng's move, which came after Brentwood-based Delek reported its Q2 numbers, essentially undoes the second of two upgrades in the span of a week back in March.
Delek Logistics has found a fast friend in asset manager and investment bank Piper Jaffray, which this week declared a 10.8 percent in the infrastructure spinoff from Delek US Holdings. The limited partner interests of Delek Logistics (Ticker: DKL) have climbed more than 30 percent this year but are off 13 percent from their early-June report.
SEE ALSO: Delek Logistics' Q2 earnings report showing EBITDA doubling from a year ago
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