The estimated net worth of Carlos Alvarez is at least $44.42 million as of February 22nd, 2021. The Carlos and Mal Alvarez Residence Hall, formerly San Saba Hall, was completed in 2013 and houses 618 students in a suite-style layout. The Gambrinus Company was founded in 1986 by Carlos Alvarez and is headquartered in San Antonio. The Gambrinus Company includes more than . Mr. Alvarez also serves on the Board of National Public Radio. Alvarez will receive a Doctor of Letters, honoris causa, for his accomplishments in business and contributions to higher education. The missions also remain active Roman Catholic parishes. In Mexico, its so important to find the right padrino for your kids, someone who can help them make it in life, and I ended up with the best padrino of all, Alvarez said. Copyright 2023 Surperformance. There used to be hundreds of little breweries," the narrator continues, and I wonder how long the Shiner brewery can survive against the big boys.. The Banking segment operates commercial and consumer banking services. Mr. Alvarez has made significant contributions to these and other educational institutions endowment programs, particularly those that drive greater international engagement. Following the completion of the sale, the director now directly owns 334,000 shares of the company's stock, valued at $35,083,360. The Alvarez family owns the Gambrinus Company in San Antonio, which sells and markets Shiner Beers. Carlos Alvarez, an immigrant from Mexico, is a graduate of the Monterrey Institute of Technology with a degree in biochemical engineering. Eventually, it would prove to be the start of a revolution, but back then, Americans considered it a fake beer. NAIC: 42281 Beer and Ale Wholesalers; 31212 Breweries Key Dates: 1981: Corona Extra is introduced in U.S. market. The corporate mailing address for Alvarez and other Cullen/Frost Bankers executives is 111 W HOUSTON ST, SAN ANTONIO TX, 78205. More than 100 friends of the Spoetzl Brewery gathered in San Antonio last month for the celebration of the "Shiner Decade." His generosity has especially benefited local universities. In the last twelve months, insiders at the bank sold shares 4 times. Carlos Alvarez has now lived in San Antonio longer than he ever did in his native Mexico. 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.]. While sticking to their basic marketing program, Modelo, Gambrinus, and Barton also took measured steps to maintain Corona's position as the top imported beer. . Even venerable Guinness enjoyed a newfound popularity with younger beer drinkers. 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. Senior Administrative Coordinator for Academic Affairs . Information on this page was last updated on 2/14/2023. In wine, an occasion might call for a prosecco followed by a pinot noir. Alvarez has made $1 million gifts to the Alamo Colleges, St. Marys University and the University of the Incarnate Word, and $2.5 million to the Tobin Center for the Performing Arts, which named its studio theater for him. Its why San Antonio is seen as the most Mexican of U.S. cities and the Mexican American cultural capital of the U.S. Its the city Alvarez chose to make his entrepreneurial mark. The founder and CEO of Gambrinus, 46-year-old Carlos Alvarez, grew up in Acapulco, started in the sales department of Mexico City's Modelo brewery, which makes Corona, and worked his way up to . The squat brown bottles gave way to the signature clear bottles with the painted labels. To be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment. Every drop of Shiner is proudly brewed in Shiner. Eventually Alvarez would have to pay $3.5 million for an operation that, based on its annual revenues, was worth around $1 million. He also serves as a trustee and board member for a number of organizations, but there is one accomplishment he feels most proud. Carlos E. Alvarez. The Gambrinus Company is proud to partner with its family of beer distributors to bring its portfolio of top quality craft beers to a dynamic and growing consumer base. They surpassed privately funded BridgePort, which never devoted money to promotions or marketing. Although the beer was known for its distinctive bottle, the partners decided in June 2000, after years of development, to introduce Corona in cans. One of the partners, who was devoted to the brewery almost to the point of obsession, however, refused to sell and went to court to block the Gambrinus deal. Join UTSA Libraries Special Collections and Fonda San Miguel for a fundraising event honoring the late, great Mexican cookbook author Diana Kennedy's 100th birthday. Gambrinus is a leading U.S. craft brewer and marketer with breweries in Shiner, Texas (The Spoetzl Brewery) and Berkeley, Calif. (Trumer Brewery). Staff file photo. 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. 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. Alvarez anticipated that he would need all of his production capacity to support the projected demand in Shiner beers. The gift will fund new brewing and laboratory equipment at UC Davis to create the brewery of the future. 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 We have to build up UTSA.'. 1995Gambrinus acquires BridgePort Brewing Company in Portland, Oregon. The Gambrinus Company is a family-owned company located in San Antonio, Texas. Get notified the next time Carlos Alvarez buys or sells Cullen/Frost Bankers stock. When regular beer production resumed in 1933, Spoetzl became prosperous enough to replace the original wood and tin building with a stone structure. Cullen/Frost Bankers, Inc. is a financial holding company, which engages in the provision of commercial and consumer banking services. Gambrinus also sells and markets beers from the Trumer Brewery in Berkeley, California. The Gambrinus Company 14800 San Pedro Avenue San Antonio, Texas 78232-3733 U.S.A. Telephone: (210) 490-9128 Fax: (210) 490-9984 Private Company Incorporated: 1986 Employees: 300 Sales: $425 million (1999 est.) Its rattlesnake season in Texas. 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 Aided by an increased marketing budget, Corona was then able to renew its pattern of growth, which many in the beverage industry had thought to be highly unlikely. Carlos Alvarez is chairman and CEO of The Gambrinus Co., which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. After Alvarez established the Gambrinus Company, he noticed the Spoetzl Brewery was in trouble. Industry Alcoholic Beverage Wholesale Revenue $170.0M Employees 446 Founded in - Headquarters San Antonio, TX Website private3.gambrinusco.com Frost Bank gave Alvarez a lot more than that badly needed credit line he used to launch Gambrinus here in 1989. San Antonio is the U.S. metropolitan area closest to Mexico City, a grounded connection that stretches back to New Spain and Mexico. UTSA President Ricardo Romo and UTSA Student Government Association President Zack Dunn spoke about the impact that the Alvarez familys long-time and generous support has on UTSA scholarship and research. 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. Notifications can be turned off anytime in the browser settings. For a full list of business members, clickhere. Students, faculty, staff and alumni, members of the Alvarez Family and representatives of the Cambrinus Company gathered into the lobby of the residence hall to honor attendees Carlos Alvarez, president and CEO of The Gambrinus Company, and his wife, Mal, for their ongoing support of UTSA. Get a basic understanding of Creative Commons licenses and how integral they are to publishing in open access journals. Alvarez gifts have also been leveraged to generate millions in additional gifts and state matching funds for UTSA. Learn More on Carlos Alvarez's trading history. Gambrinus expanded beyond the distribution side of the business in 1989 when it began to purchase small specialty breweries. 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. It became the world's first LEED Platinum brewery. The wear and tear is real. He serves on the national board of the World Affairs Councils of America and is a past president of the World Affairs Council of San Antonio. This marked the beginning of Corona's journey to become the #1 imported beer int the U.S. 1989Gambrinus acquires the Spoetzl Brewery in Shiner, Texas. Then the bubble for the microbrewers burst. Gambrinus is best known as the importer of Corona beer in the eastern United States. Please note that you'll still be able to view the current page on frostbank.com. Click to email a link to a friend (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window). Selling in a 75-mile range of Shiner, Spoetzl was starting to succeed with his beer when Prohibition went into effect. Mr. Carlos Alvarez is chairman and CEO of The Gambrinus Company, which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. The brewery is owned by the Gambrinus Company, based in San Antonio, and with each glass of Shiner beer comes a taste of history and pride. The Spoetzl Brewerynamed after its original brewmaster Kosmos Spoetzlwas founded in Shiner, Texas in 1909. It also publicized the results of a beer-testing company, which found Corona free of contaminants. They get no federal funding though they sit on federal park land. 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. Our business is beer. With the rising popularity of specialty beers, the three major industry giants--Anheuser-Busch, Miller, and Coors--looked to create their own internal specialty product lines or to simply buy up the microbreweries. Mr. Alvarez has made significant contributions to these and other educational institutions endowment programs, particularly those geared toward driving greater international engagement. 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. 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. A San Antonio woman who brought her two children along as she smuggled more than 100 pounds of methamphetamine to the Alamo City has been sentenced to more than eight years in prison. His Mexican heritage plays a role in his business. 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). No te la puedes perder! 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. On average, Cullen Frost Bankers executives and independent directors trade stock every 20 days with the average trade being worth of $2,016,280. Gambrinus is licensed to distribute Corona in Texas and the states east of the Mississippi River. learn how over 7,000 companies got started! Chairman & Chief Executive Officer at The Gambrinus Company . Brewing in Berkeley allows beer drinkers in the United States to enjoy Trumer the way it was meant to be: fresh. As the Independent Director of Cullen Frost Bankers, the total compensation of Carlos Alvarez at Cullen Frost Bankers is $124,977. Mr. Carlos Alvarez is chair of the board and chief executive officer of The Gambrinus Company which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. Under the stars, it makes for a breathtaking scene. Cullen/Frost Bankers can also be reached via phone at (210) 220-4011 and via email at [emailprotected] Learn More on Carlos Alvarez's contact information. Principal Competitors: Anheuser-Busch Companies, Inc.; Boston Beer Company; Heineken N.V.; Miller Brewing Company. These artfully crafted beers have claimed 13 awards in major beer competitions throughout the world in the past two years. Briscoe is that we had to help build UTSA into a great university. 1986 -Carlos Alvarez founds The Gambrinus Company and begins selling and marketing the Grupo Modelo brand portfolio - Corona Extra, Corona Light, Modelo Especial, Negra Modelo and Pacifico Clara - in the eastern half of the United States and Texas. Learn More about Carlos Alvarez's net worth. Alvarez owns 334,000 shares of Cullen/Frost Bankers stock worth more than $44,422,000 as of March 1st. Carlos Alvarez is chairman and CEO of The Gambrinus Co., which he founded in 1986 when he moved from his native Mexico with his family to San Antonio. Join the conversation as UTSA faculty and students discuss this unique service's benefits and advantages. Alvarez, you and your wife have made contributions that are going to have lasting impressions, said Dunn, who is also a beneficiary of the Alvarez familys support. We wanted to recognize [the Alvarez Family] for their generosity, said Romo regarding the decision to rename San Saba Hall after the Alvarez Family. 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. In time, Modelo was sold to Belgian owners and Gambrinus lost its exclusive import rights to states west of the Mississippi. Drinking Corona had become a fad, as a number of consumers simply tried the beer then returned to their usual domestic brand. Gambrinus, with its Spoetzl operation in sound shape, became involved in this consolidation of the craft brewer segment by purchasing the BridgePort Brewing Company in 1995. Whoops! [BREAKING] New "Living Missile" to Replace Nuclear Missiles. Alvarez was born in Cuba in 1950, the youngest of Licinio and Isola Alvarez's three sons. In recognition of the contribution, the school will name. He likes beers of all styles, from stouts to Indian pale ales. The Registered Agent on file for this company is CT Corporation System and is located at 1627 Quarrier St, Charleston, WV 25311-2124. It introduced a number of craft beers, which it began to bottle in 1989 and distribute to retail stores in Oregon and Washington. First imported to the United States in 1981, Corona caught on mostly with a younger demographic and soon enjoyed explosive growth. 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