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
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.
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.
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.