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• MillerCoors announced that it has acquired the Hop Valley Brewing Co., a craft beer manufacturer located in Eugene, Oregon.

According to the New York Times, "This comes just about a week after Chicago-based MillerCoors said it was taking a majority interest in Athens, Ga.-based Terrapin Beer Co. — another craft brewery with a reputation for India pale ales, or IPAs. Hop Valley is known for beers such as Alphadelic, Citrus Mistress and Alpha Centauri, according to the MillerCoors news release Friday. Terms of the deal were not disclosed.

"Hop Valley will join Tenth and Blake Beer Co., MillerCoors' craft and imports division, and will continue to operate independently under the same management team, the release said."

• The Grocery Manufacturers Association (GMA) announced over the weekend that McCormick & Co. and Pinnacle Foods have been recognized with GMA's 2016 CPG Awards for Innovation and Creativity. At the same time, Ed Crenshaw, former CEO of Publix, was inducted into GMA's Hall of Achievement.

The awards were made at GMA's annual Leadership Forum.
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