You can see the complete history of Mr. Alvarez stock trades at the bottom of the page. The estimated net worth of Carlos Alvarez is at least $44.42 million as of February 22nd, 2021. Despite the danger of simply spreading the rumor further by fighting it, Barton aggressively went after rival distributors that it accused of starting the rumor, demanding letters of retraction and threatening to sue any other distributors that could be linked to the rumor. These moments in time and history for institutions like UTSA are rare, Eighmy said. "Being successful, you and your familywith your family," Alvarez said. Mr. Alvarez was born in Mexico City and raised in Acapulco, Mexico where his father established a Corona beer distributorship in the mid-1940's. Alvarez learned the beer business from the ground up. Last updated: 29 April 2022 at 3:07pm EST. Principal Subsidiaries: Spoetzl Brewery; BridgePort Brewing Company; Pete's Brewing Company. Frost Bank gave Alvarez a lot more than that badly needed credit line he used to launch Gambrinus here in 1989. Corona continued its extraordinary growth during 1987, reaching 20 million cases sold, with Barton distributing the beer throughout its 25-state territory and Gambrinus only selling in Texas and five eastern states. In the eastern distribution territories, the word was that Corona was heavy on calories, a charge that Gambrinus answered with full-page ads to set the record straight. Insiders at Cullen/Frost Bankers own 3.8% of the company. Gambrinus is a leading U.S. craft brewer and marketer with breweries in Shiner, Texas (The Spoetzl Brewery) and Berkeley, California (Trumer Brewery). The Gambrinus Company Overview. Experienced Business Head with a demonstrated history of working in the telecommunications industry. In time, Modelo was sold to Belgian owners and Gambrinus lost its exclusive import rights to states west of the Mississippi. Carlos Alvarez. . "Oh, I love beer," said Carlos Alvarez, owner of the . The beer wasnt very good, so the Bavarian-born Kosmos Spoetzl bought the brewery and named it after himself. Modelo had good reason to be pleased with its American partners. Meet Our Business Members & Supporting Foundations, San Antonio aims to take flight with a new airport experience, Former San Antonio school board member targeted by fringe podcasters with taped conversation. Carlos Alvarez, founder and owner of The Gambrinus Company of San Antonio, Texas, announced a $1 million gift to the brewing science program at UC Davis The gift will fund new brewing and laboratory equipment at UC Davis to create the brewery of the future. He is committed to education and has served on the board of trustees of School Year Abroad and Saint Marys Hall in San Antonio and is a member of the Chancellors Circle for the University of Texas system. Carlos Alvarez, an immigrant from Mexico, is a graduate of the Monterrey Institute of Technology with a degree in biochemical engineering. Example video title will go here for this video. Mr. Alvarez has extensive experience in all facets of business, including a strong background in operations and sales. Building on its U.S. success, Corona was now sold in more than 140 countries and had become the top-selling Mexican beer in the world and the fifth largest overall. In the late 1980s, I was trying to sell Corona in a short, stubby brown bottle with a paper label. Man charged with murder cut off ankle monitor, last seen in San Antonio, Wife of man charged with dogs' deadly attack arrested, according to affidavit, Near 90 Wednesday, chance for severe weather later in the week | FORECAST, 'I was devastated': Portland woman who abandoned car during snowstorm shocked by $787 bill from tow company, Hispanic Heritage Month: Head high school coaches in San Antonio share experiences, insight, How UTSA goes the extra mile for Hispanic and Latinx students. Sales jumped from $130,000 in 1988 to $5.5 million in 1992. less. Cullen/Frost Bankers' insider roster includes Carlos Alvarez (Director), Chris Avery (Director), Bobby Berman (EVP), Samuel Dawson (Director), Patrick Frost (Insider), Phillip Green (CEO), William Perotti (EVP), Jerry Salinas (CFO), Carol Severyn (EVP), Jimmy Stead (EVP), and Candace Wolfshohl (EVP). His recipe for BridgePort Ale proved popular and fueled the brewery's growth. Sales declined in late 1997 and early 1998, forcing Pete's to look for a buyer. Tom Frost meant everything to me and that is why we have become big contributors to UTSA.. Start exploring their connections and companies today. San Antonio is the U.S. metropolitan area closest to Mexico City, a grounded connection that stretches back to New Spain and Mexico. The beer was so popular that in many instances it had to be rationed to bars, restaurants, and stores. [BREAKING] New "Living Missile" to Replace Nuclear Missiles. The estimated Net Worth of Carlos Alvarez is at least $55.4 Million dollars as of 25 February 2021. Pete's Brewing Company. Hes widely credited with creating the explosive U.S. market for Corona and now for his stewardship of an iconic Texas brand, Spoetzl Brewery in Shiner, maker of Shiner beers. There was not much interest, Alvarez recalled in a Wednesday conversation. It also has made him a major philanthropist. The Trumer Brewery was established in 2004 in Berkeley, California and is a sister brewery to the centuries-old Trumer Brauerei in Salzburg, Austria. Gambrinus is best known for selling and marketing Shiner Beers, all of which are brewed at the Spoetzl Brewery in Shiner, Texas, throughout the United States. ), Engineering, and Leadership and Service. Even venerable Guinness enjoyed a newfound popularity with younger beer drinkers. The K. Spoetzl Brewery story is one of immigrants, starting with the Czech and German immigrants who established the Shiner Brewing Association. Heres what you need to know. He jokes that if he was ever Mex-Tex, hes now definitely more Tex-Mex.. Finally, and to some observers the most surprising move, he immediately raised the price of Shiner beer, which under the previous owners had cost less than Budweiser and now cost 75 percent more. Spoetzl was hardly aggressive in marketing Shiner beer, mostly driving around in his truck, accompanied by his dog, giving away samples to farmers as they worked, or at community gathering places. Alvarez was born in Cuba in 1950, the youngest of Licinio and Isola Alvarez's three sons. Carlos Alvarez works as a Board Member at The Gambrinus Company, which is a Grocery Retail company with an estimated 218 employees; and founded in 1986. Strong sales, business development and operations skills in Telecommunication Networks, OSS/BSS, Digital Marketing, Managed Services and Software Platforms. Read More . When regular beer production resumed in 1933, Spoetzl became prosperous enough to replace the original wood and tin building with a stone structure. SALT LAKE CITY (KUTV) During a KUTV investigation into COVID-19 vaccine side effects and where to report them, we found four reported deaths, filed by Utah families and their caregivers to the . He went to work for the Modelo brewery, located in Mexico City, starting out in the sales department. He is a board member of the World Affairs Council of America and the World Affairs Council of San Antonio, which he previously served as chairman; and he serves on the board of National Public Radio and Davidson College. Carlos Alvarez, founder and owner of The Gambrinus Company of San Antonio, Texas, announced a $1 million gift to the brewing science program at UC Davis The gift will fund new brewing and laboratory equipment at UC Davis to create the brewery of the future. See Profile. When they decided to do the scholarships and everything else, they felt that it was important for them and their company, Gambrinus, to give back, and we appreciate [that effort.]. The new package was intended to fill a gap, providing customers with Corona in places that prohibited bottles, such as airplanes, stadiums, and golf courses. The Ponzis knew they either had to curtail expansion plans, step up their commitment, or sell out to a company with deeper pockets and better sales and marketing capabilities. The contacts are Carlos Alvarez from San Antonio TX, James Bolz from San Antonio TX, John Horan from San Antonio TX, and Russell Cunnincham from San Antonio TX. Carlos Alvarez serves as Independent Director of the Company. For the next 20 years, Gambrinus was responsible for selling and marketing what would become the most successful brand in contemporary beer marketing historyCorona Extra. The squat brown bottles gave way to the signature clear bottles with the painted labels. He was 15. He is committed to education and has served on the board of trustees of Davidson College, School Year Abroad and Saint Marys Hall (San Antonio) and is a member of the Chancellors Circle for the University of Texas system. BridgePort was the oldest operating microbrewery in Oregon, an area which had become a hotbed for craft brewing. See what companies are owned by people named Carlos Alvarez. He convinced Modelo to sell its Corona Extra beer outside of Mexico. We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered. SAN ANTONIO Shiner beer is a staple in the Lone Star State, and every drop is brewed out of the Spoetzl Brewery in Shiner, Texas. Mr. Alvarez also serves on the Board of National Public Radio. UTSA is a proud Hispanic Serving Institution (HSI) as designated by the U.S. Department of Education. "It is not too difficult to be able to see how philanthropic the U.S. is," Alvarez said. The founder and owner of The Gambrinus Company, Carlos Alvarez, grew up in Acapulco, Mexico. He used a family recipe he perfected that is still used today, and only in Shiner. In wine, an occasion might call for a prosecco followed by a pinot noir. There are no reviews yet for this company. 11 Ratings. Senior Administrative Coordinator for Academic Affairs . They are part of the Executive team within the C-Suite Department and their management level is C-Level. He is committed to education and has served on the board of trustees of Davidson College (Davidson, North Carolina), School Year Abroad (North Andover, Massachusetts) and Saint Marys Hall (San Antonio, Texas) and is a member of the Chancellors Circle for The University of Texas system. Despite industry insiders who discounted the possibility of reversing the trend of declining sales with Moosehead, Gambrinus looked to apply some of the lessons it had learned with Corona beer. Proceeds will fund the restoration, preservation and maintenance of the four missions on the citys South Side. Key Principal: Carlos Alvarez See more contacts Industry: Beer and other fermented malt liquors , Beer (alcoholic beverage) Printer Friendly View Address: 1905 N Saint Marys St San Antonio, TX, 78212-4543 United States See other locations Phone: Website: www.gambrinus.com Employees (this site): Actual Employees (all sites): Actual Revenue: Modelled Cullen/Frost Bankers, Inc. is a financial holding company, which engages in the provision of commercial and consumer banking services. They purchased a total of 5,000 shares worth more than $657,750.00. In addition, he makes $124,977 as Independent Director at Cullen Frost Bankers. Public Affairs Specialist. But long before Corona became a market leader, Alvarez was an unknown beer importer freshly arrived in Texas from Mexico, working with two other young partners in Austin, selling Shiner Bock, a limited production Texas cult favorite, and trying to interest bartenders in an unfamiliar Mexican beer. Every drop of Shiner is proudly brewed in Shiner. "My father was a beer distributor," Alvarez said. As of 25 February 2021 he still owns at least 294,000 units of Cullen Frost Bankers stock. Gambrinus, as it had done with Spoetzl, instituted a number of immediate changes. The most recent stock trade was executed by Paul Bracher on 14 February 2023, trading 8,080 units of CFR stock currently worth $576,831. Carlos's mailing address filed with the SEC is 14800 SAN PEDRO AVENUE, , SAN ANTONIO, TX, 78232. The company is owned by its chief executive officer, Carlos Alvarez, who was instrumental in introducing the Mexican beer Corona Extra to the United States. One thing he told me in front of Gov. learn how over 7,000 companies got started! There was an error and we couldn't process your subscription. First imported to the United States in 1981, Corona caught on mostly with a younger demographic and soon enjoyed explosive growth. Even though he landed in Austin first, peddling cases of Corona to bars and restaurants, Alvarez chose San Antonio as home, as have other Mexican transplants before him. The brewery produced 35,000 barrels in 1990, but by 1995 the number had increased to 138,000, as Shiner Bock became America's best-selling bock beer. Owner Carlos Alvarez founded Gambrinus in 1986. With confidence in its motto, "Beer brings enjoyment to the world," Gambrinus combines the world-class quality of its partner breweries, imaginative marketing and an disciplined field sales team to build market leading brands while growing the business of its wholesalers and retail partners. Its hard to imagine, as well, the beer market in Texas and the United States without Corona beer in its signature tallneck bottle with the familiar painted label. Get a basic understanding of Creative Commons licenses and how integral they are to publishing in open access journals. He said his father made him work hard, and he learned the basics from a beer truck. Eventually Alvarez would have to pay $3.5 million for an operation that, based on its annual revenues, was worth around $1 million. He is a board member of the World Affairs Council of America (Washington, DC) and the World Affairs Council of San Antonio, which he previously served as chairman. Best known as the owner and brewer of Shiner Beers, Gambrinus also owns the BridgePort Brewery in Portland, Ore. and the Trumer Brewery in Berkeley, Calif. Alvarez is a board member of the Free Trade Alliance of San Antonio and a director for Cullen/Frost Bankers Inc. But when he needs a refreshing drink that quenches a thirst, he still proves to be a salesman. Carlos plans to share lessons learned from his long career in the beverage industry and also highlight insights and anecdotes from business and his personal life. Founded in 1868, Frost has helped clients with their financial needs during three centuries. Alvarez founded Gambrinus in 1986 after moving from Mexico to San Antonio. Gambrinus is a leading U.S. craft brewer and marketer with breweries in Shiner, TX (The Spoetzl Brewery); Portland, OR (BridgePort Brewing Company); and Berkeley, CA (Trumer Brauerei). It's easy to unsubscribe if we're not a good fit for you. BridgePort was established in Portland, Oregon, in 1984 as the Columbia River Brewery by wine-makers Dick and Nancy Ponzi. "While everyone is there out there at the beach, at the by the pool, that was torture," Alvarez says with a laugh. Under terms of the acquisition, Gambrinus paid $6.375 per share. His Mexican heritage plays a role in his business. At the Aug. 20 regular board meeting, Carlos Alvarez, owner of the Gambrinus Company, announced he would make the endowment for the Gambrinus Scholarship total $1 million. Ayala: Beer magnate Carlos Alvarez is a pretty good salesman for the citys missions, S.A. mom sentenced for transporting meth with kids in car. Phone . Carlos Alvarez is 69, he's been the Independent Director of Cullen Frost Bankers since 2001. Seated left to right: Natalia Spitha '16, Mal Alvarez, Carlos Alvarez, President Carol Quillen, and Fridah Rotich '19. . Carlos Alvarez moved from mexico to san Antonio, texas with his wife malu and his two daughters to establish the Gambrinus Company which he founded in 1986. his company is one of the largest independent beer businesses in the u.s. Gambrinus owns and operates the spoetzl brewery in shiner, texas; bridgeport brewing Company in portland, oregon; the Catalog Of Great Piano Courses Course Descriptions Undergraduate Catalog 2014 2016 May 8th, 2018 - Course catalog information for all undergraduate courses offered by Sam Houston State University It also publicized the results of a beer-testing company, which found Corona free of contaminants. Luis Alvarez's Phone Number and Email . We sold 600 cases, 20 bottles in each case, our first year in Austin. Most recently he sold 40,000 units of CFR stock worth $4,292,400 on 25 February 2021. Alvarez began negotiations to buy the brewery from the Great Texas Brewing Company, created by a group of Houston investors who had purchased Spoetzl in 1984 and were now looking to sell. The Gambrinus Company filed as a Domestic For-Profit Corporation in the State of Texas on Monday, January 27, 1986 and is approximately thirty-seven years old, as recorded in documents filed with Texas Secretary of State. Pitzer College. Alvarez said he, like hundreds of thousands of other immigrants, came to America to work. 1997Moosehead Breweries, Ltd. awards Gambrinus the exclusive import distribution rights for Moosehead Canadian Lager for the United States. Alvarez, living in San Antonio, needed help in Texas and in Mexico if he was going to ever become more than a bit player in the beer business. 2005Gambrinus partners with Birra Menabrea from Biella, Italy to brew Tappeto Volante, and Italian kraft beer. Its always an inspiration to be among [UTSA students] and [their] professors the whole team of UTSA. Learn More on Cullen/Frost Bankers' active insiders. The products and services offered on this third party website are not provided or guaranteed by Frost. It is now possible to purchase a large number of vintage Wagner Brewery, Gambrinus, and Augustiner beer bottle labels. The Alvarez Family created the Carlos and Mal Alvarez Endowment for Student Success, the Alvarez Graduate Research Education Excellence Fund and the Alvarez Challenge Match for Graduate Student Excellence Fund. Please note that you'll still be able to view the current page on frostbank.com. In the end, they chose to sell the business to Gambrinus. Work Biography for Carlos Alvarez, The Gambrinus Company. The site you are about to enter may be less secure and may have a privacy statement that differs from Frost. The little towns, the little farms and little business are dying. Id sit at a bar, eating chips and salsa, trying to get the bartenders attention before closing time. The most active insiders traders include Richard W Jr Evans, Jack A Wood, and Charles W Matthews. Over the last 20 years, insiders at Cullen Frost Bankers have traded over $126,069,069 worth of Cullen Frost Bankers stock and bought 647,428 units worth $45,913,564 Carlos Alvarez is chairman and CEO of the Gambrinus Co., with headquarters in San Antonio and revenues of more than $500 million. Eventually, it would prove to be the start of a revolution, but back then, Americans considered it a fake beer. Faced with a dizzying array of specialty beers in the cooler that included seasonal and commemorative brews in addition to year-round offerings, many consumers opted for old standbys like Corona. Until repeal the brewery managed to survive by making ice and producing 'near beer,' which contained an allowable 0.5 percent of alcohol. Strong storms ahead of cold front to bring severe weather risk, Viral TikTok video shows loose part on S.A. rodeo Ferris wheel, Jacob's Well in Hill Country closed 'for foreseeable future', Texas Vista Medical Center to close after 40 years, Dogs in fatal mauling linked to previous S.A. attacks, Buc-ees planning new travel centers in Wisconsin, Florida, Former S.A. developer avoids prison in fraud case, CPS Energy sells circular Villita Assembly Building. As an institution of access and excellence, UTSA embraces multicultural traditions and serves as a center for intellectual and creative resources as well as a catalyst for socioeconomic development and the commercialization of intellectual property - for Texas, the nation and the world. Gambrinus is a leading U.S. craft brewer and marketer with breweries in Shiner, Texas (The Spoetzl Brewery) and Berkeley, Calif. (Trumer Brewery). In 1997 Corona passed Heineken to become the largest-selling imported beer in the United States. Corona, however, would become a victim of its own success. 1995Gambrinus acquires BridgePort Brewing Company in Portland, Oregon. Privacy Policy. Learn More on Cullen/Frost Bankers' active insiders. Texas ranch that's half the size of Rhode Island still S.A. developer buys hotel property near Market Square, UTSA, Four-year-old girl killed in mobile home fire near Lytle ID'd, Second person, Abilene Schnieder, arrested in fatal dog attack, Man hit, killed walking across West Side street identified, Man accused of sexual assault on woman who said she fled his home.