Sector News

AB InBev acquires Northern Brewer

October 18, 2016
Food & Drink

Anheuser-Busch InBev has acquired something a little different this week. Homebrew supplies. The global brewery has acquired Northern Brewer.

Northern Brewer was founded 23 years ago by Chris Farley (not the actor). Since then the homebrew supply group has grown to one of the largest in the United States, posting $10’s of millions in annual revenue.

Farley has confirmed that Northern Brewer has been acquired by ZX Ventures, the “global disruptive growth unit” of Anheuser-Busch InBev. The details of the transaction have not been disclosed.

Farley states in a message on the Northern Brewer site: “First, nothing will fundamentally change as the result of this deal. Our entire leadership team will remain intact and our company will continue to be independent. Our staff of dedicated employees will continue to serve our customers and help our industry innovate. Our culture will remain as it is today: vibrant, energetic, fair and dedicated to our mission and to you.”

From here, Farley goes on to say this sale will bring “unparalleled opportunities.” What those are exactly, have not been divulged by the company.

Northern Brewer’s leadership will remain intact, as will all the current employees – for now.

What ZX Ventures, and AB InBev will do with Northern Brewer remains to be seen.

By Reidramsay

Source: Beer Street Journal

Related News

June 13, 2021

Personalization, plant-based protein and COVID-19: Clinical nutrition experts discuss challenges driving innovation

Food & Drink

NutritionInsight speaks with experts from Kerry, FrieslandCampina Ingredients and Lactalis Ingredients about how this segment has developed over the past year and what innovations will shape the future.

June 13, 2021

Reckitt Benckiser to sell China infant formula business for $2.2bn

Food & Drink

Reckitt Benckiser Group has signed an agreement to offload its Infant Formula and Child Nutrition (IFCN) business in China to private equity firm Primavera Capital Group for $2.2 billion.

June 13, 2021

General Mills to make job cuts amid company restructuring

Food & Drink

A report from the Minneapolis-based online newspaper states that General Mills told employees that layoff plans include 700 to 800 jobs in the US and Canada, as well as 500 to 600 international positions.

Send this to a friend