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

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