That purchase marked the beginning of AB InBev’s official craft brewer shopping spree. 2014 that it would spend $24 million to buy New York-based Blue Point Brewing Co. It also ramped up production of Goose Island, making it available to more people.Īfter taking a few years off of slurping up smaller brewers, AB InBev announced in Feb. The deal, which was valued at $38.8 million, gave InBev its first taste of the soon-to-explode U.S. Getting things started in March 2011, formerly Chicago-based Fulton Street Brewery - the legal name for Goose Island - announced it would sell a 58% stake of its business to distribution partner Anheuser-Busch. AB’s Craft Beer Shopping Spree Craft Brewer While the companies scooped up by AB InBev for The High End differ geographically, they have several things in common including being deemed “the leading” or “one of the fastest growing craft brewers” in the country. The brewers also often owned and operated brewpubs - restaurants that serve and brew their own beers. “It’s a great development for beer and to get beer to go all the places it deserves.” “We’re very excited with craft beer,” Felipe Szpigel, president of The High End, told the Roanoke Times on Tuesday. With this week’s announcement, that makes Devil’s Backbone the third craft beer acquisition for AB since Dec. In its eighth purchase of a U.S.-based craft brewer since 2011, AB has now added Virginia-based Devil’s Backbone to its “High End” portfolio. Anheuser-Busch InBev’s largest purchase to date - the $107 billion merger of rival SABMiller - might still be awaiting regulatory approval, but that certainly hasn’t stopped the beer behemoth from gobbling up smaller craft brewers in the meantime.
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