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

comments closed

Related News

January 29, 2023

Danone appoints three new deputy CEOs

Food & Drink

Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.

January 29, 2023

PepsiCo Portugal invests €7.5m in biodigester

Food & Drink

PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.

January 29, 2023

Kerry’s fellowship with Upcycled Food Foundation explores future of food waste prevention

Food & Drink

Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.

How can we help you?

We're easy to reach