Sector News

AB InBev to buy Four Peaks Craft Brewery

December 21, 2015
Food & Drink

Anheuser-Busch InBev NV said Friday it reached an agreement to acquire Arizona’s Four Peaks Brewing Co., the sixth brewery to join the mega beer company’s craft and import brands business.

Under the AB InBev auspices, Four Peaks will continue brewing its beers, including its flagship Scottish-style ale Kilt Lifter, which makes up more than 60% of its sales. The brewery expects to sell roughly 70,000 barrels of beer in 2015.

Four Peaks would be the latest addition to AB InBev’s High End unit, which includes Goose Island Beer Co., Blue Point Brewing Co., 10 Barrel Brewing, Elysian Brewing Co. and Golden Road Brewing.

Four Peak co-founder Andy Ingram said the brewery, which opened in 1996, is excited to expand its footprint.

Terms of the deal, which is expected to close in the first quarter of 2016, weren’t disclosed.

Last month, AB InBev entered a formal agreement to buy SABMiller PLC for about $108 billion, setting in motion a complicated, yearlong process of winning regulatory approval around the world. Together, the pair sell more than 30% of the world’s beer-including brands like Budweiser, Stella Artois, Grolsch and Pilsner Urquell.

By Anne Steele

Source: Wall Street Journal

comments closed

Related News

September 25, 2022

Coca-Cola names new president of global ventures

Food & Drink

The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.

September 25, 2022

Perfect Day allies with Onego Bio to speed-up launch of animal-free eggs

Food & Drink

US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.

September 25, 2022

EU fails on food waste: Report reveals bloc discards more than it imports

Food & Drink

Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.