Name

Millstream Brewing Co

Legal name

Millstream Brewing Co.

Website

https://millstreambrewing.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Craft Beer Brewing

NAICS

Breweries (31212), Soft Drink Manufacturing (312111)

SIC

Malt Beverages (2082), Beverages (2080)

akta.pro primary industry

Kombucha & Fermented Beverage Taprooms (THAFAKAG)

akta.pro secondary industries

Kombucha Production (AFAFAHAA), Probiotic & Live-Culture Beverage Production (Shots, Tonics) (AFAFAHAE)

Keywords

• Craft beer brewing
• Craft soda production
• Brewery taproom sales
• Kombucha manufacturing
• Craft beverage wholesale

Headquarters

HQ city

Amara

HQ country

Romania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Taproom and On-site Sales: Direct sales of beers and sodas to visitors at the brewery taproom, including samples, pints, flights, and package sales (cans, bottles, growlers).
2. Wholesale Distribution: Wholesale ordering of sodas and potentially beers to retail establishments, restaurants, and other distributors across the Midwest region.
3. Events and Catering: Revenue from ticketed events like Tour de Brew ($40-$43.62), Iowa Craft Beer Bash ($10.95-$65.43), and private event hosting at the brewery.
4. Merchandise and Gift Cards: Sale of branded merchandise and gift cards both on-site and through their website.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Millstream Brewing Co. brews and sells a portfolio of craft beers (including Schild Brau Amber, Back Road Oatmeal Stout, Knee High Hefeweizen, 1923 Kolsch, Farmer's Tan Blood Orange Wheat Ale, Summer Of Lime Pilsner, and seasonal Märzen/Maibock releases), handcrafted sodas (root beer, sugar-free root beer, black cherry, orange cream, limeade, ginger beer, cream soda, grape) in 12oz bottles, seltzers, and — following the Kismet Kombucha acquisition — organic kombucha. Products are sold through an on-site taproom in Amana, Iowa, wholesale soda distribution across the Midwest, and branded merchandise/gift cards.

Product overview

Millstream Brewing Co is Iowa's oldest craft brewery (founded 1985) offering a portfolio of craft beers, sodas, and non-alcoholic beverages. The core products include over 9 varieties of craft beer (amber ales, stouts, wheat beers, pilsners, seasonal releases) and 8 varieties of handcrafted soda. Following the March 2026 acquisition of Kismet Kombucha, the company has expanded into the non-alcoholic and functional beverage segment with kombucha products made from organic teas. The portfolio also includes seltzer offerings. Products are available at the brewery taproom, in cans and bottles for retail, and through distribution across the Midwest.

Differentiator

Problem solved

Functional benefit

Products and services

• Millstream Craft Beers Handcrafted ales and lagers brewed in traditional styles at the Amana, Iowa brewery, including amber, cream ale, oatmeal stout, hefeweizen, Kolsch, blood orange wheat ale, lime pilsner, and seasonal Märzen/Maibock releases, sold in cans, bottles, on tap, and in flights at the taproom.
• Millstream Craft Sodas Handcrafted non-alcoholic sodas in 12oz bottles, including Root Beer, Sugar Free Root Beer, Black Cherry, Orange Cream Soda, Limeade, Ginger Beer, Cream Soda, and Grape Soda, sold at the taproom and through wholesale distribution to retailers and restaurants.
• Kismet Kombucha Organic, small-batch kombucha made with organic teas and natural ingredients, originally launched in 2021 and now produced and distributed by Millstream Brewing Co. across the Midwest following the acquisition.
• Millstream Seltzer Seltzer beverages available at the brewery taproom as an additional non-beer beverage option alongside beers, sodas, and kombucha.

Quantifiable outcome

• Successfully acquired Kismet Kombucha in March 2026 to expand into non-alcoholic beverage market.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Kismet KombuchacoreStrategic or Co-development Partner · 31 March 2026Millstream Brewing Co. acquired Kismet Kombucha, a small-batch kombucha brand launched in 2021 known for organic teas and innovative flavors. The acquisition marks Millstream's entry into the non-alcoholic and functional beverage segment. Existing recipes and branding will remain unchanged, and Kismet will leverage Millstream's facilities and existing distribution network to expand production and market reach across the Midwest.

Scale indicators2 records

Recent moves1 record

Expansion highlights4 records

Emerging players

• Health-Ade Kombucha: National craft kombucha brand with strong off-premise retail distribution. Represents the scaled outcome Kismet Kombucha (now under Millstream) is aiming toward and a benchmark for category economics.
• Athletic Brewing Company: Fast-growing US craft brewer focused on non-alcoholic beer. Emerging player in the adjacent non-alcoholic category that Millstream is now pushing into through Kismet Kombucha and its existing beer infrastructure.

Direct peers

• Big Grove Brewery: Iowa-based craft brewery with multiple taprooms and a strong event/food-led experience. Comparable business model combining destination taproom, events, and packaged distribution in the Midwest.
• Peace Tree Brewing Company: Iowa craft brewery with multiple taproom locations and a portfolio of flagship and seasonal beers. Comparable in scale, distribution model, and Iowa-based regional craft positioning.
• Exile Brewing Co. Des Moines-based Iowa craft brewery with taproom, distribution, and a diverse year-round and seasonal lineup. Directly comparable craft competitor targeting overlapping Iowa on-premise and off-premise accounts.
• Toppling Goliath Brewing Co. Iowa craft brewery (Decorah, IA) producing a wide range of ales, stouts, and IPAs with a taproom and distribution presence. Highly comparable regional craft peer competing for the same Iowa craft drinker and shelf space.
• Confluence Brewing Company: Des Moines craft brewery with taproom and regional distribution across a broad ale/lager portfolio. Closely matches Millstream's size, distribution strategy, and Midwest craft focus.

Broad incumbents

• New Belgium Brewing Company: Large, established US craft brewer with national distribution and taprooms. Broader incumbent in the same category; not a direct size match but competes for the same craft beer occasions and shelf space.
• Sierra Nevada Brewing Co. Pioneering US craft brewer with national distribution and a broad seasonal/year-round lineup. A broader incumbent competing for craft beer share in the same on- and off-premise channels Millstream serves.

Others

• Brewers Association: Not-for-profit trade association representing US craft brewers. Ecosystem participant that influences craft beer policy, distribution rules, and category data relevant to Millstream's strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/millstreambrew
• Facebookfacebook.com/millstreambrewing
• Instagraminstagram.com/millstreambrewing
• LinkedInlinkedin.com/company/millstream-brewing-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Millstream Brewing Co