![]() The Roanoke Times reports that the deal was initiated about four months ago when Devil’s Backbone learned they were limited on their borrowing capabilities.Įditor's Note: This article originally appeared on Consumerist. That brings us to the company’s latest purchase of Devil’s Backbone, which makes Vienna Lager and other hearty brews. However, that brand does not fall under The High End unit. Those deals, announced during the same week in December, also came days after the company gobbled up U.K. craft beer purchases: Breckenridge Brewing of Colorado and Four Peaks Brewing of Arizona. The company closed out the year with two more U.S. Next up, the company purchased Golden Road Brewery - which produces Point the Way IPA, Wolf Among Weeds IPA, Golden Road Hefeweizen and 329 Days of Sun Lager - in September 2015, just weeks before the company made its bid for SABMiller official. The acquisition, which didn’t reveal a purchase price, also included Elysian’s four brewpubs in the Seattle area. The company didn’t reveal the purchase price for the Oregon-based brewery.ĪB InBev then kicked off 2015 with the purchase of Washington-based Elysian Brewing company. 2014, the company picked up 10 Barrel Brewing and its brewpubs in Oregon and Idaho. 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. Devil's Backbone 8 Point IPA American IPA6.2 ABV45 IBU Devils Backbone Brewing CompanyRoseland, VA Devil's Backbone Adams Kent Island Amber American Amber Ale4. ![]() 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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