After almost 20 years of explosive growth in the craft beer industry, more U.S. breweries closed last year than opened. The Brewers Association tracked 335 new openings but nearly 400 closings.

In December, the national trade organization, Brewers Association released its year-end recap, which pointed to an increasing ...

with a monumental mission “to teach people what craft beer could be,” he said. Over the next three decades, Cambridge Brewing introduced patrons to spiced pumpkin ales and robust barley wines.