Anheuser-Busch InBev has announced it will acquire Tempe, Ariz.-based Four Peaks Brewing.
“For 20 years we’ve had more amazing experiences than I can count doing what we love to do most – brewing great beer and sharing it with a growing craft community in Arizona that has supported us from day one,” said Andy Ingram, Four Peaks co-founder, in a press release. “We’re excited to join the enthusiastic team and tap into their resources to expand our footprint and share our beer with even more people moving forward.”
Four Peaks opened its doors in 1996, and is scheduled to sell approximately 70,000 barrels of beer in 2015 throughout the state of Arizona.
“It’s exciting to partner with another group of passionate craft beer founders, this time in the great state of Arizona,” said Andy Goeler, ceo of AB InBev’s The High End. “What Andy, Jim, Randy and the team have been able to accomplish is remarkable and a testament to their culture and portfolio of great beers. We look forward to learning from each other and bringing more Four Peaks beers to craft lovers in the Southwest.”
AB InBev has acquired five different craft breweries since 2011: Chicago, Ill.-based Goose Island Beer Co. in 2011, New York, N.Y.-based Blue Point Brewing and Bend, Ore.-based 10 Barrel Brewing in 2014, Seattle, Wash.-based Elysian Brewing Co. in 2014 and Los Angeles, Calif.-based Golden Road Brewing in September.
In October, Anheuser-Busch InBev agreed in principle to purchase SABMiller for $104 billion, with the combined company reaching sales of approximately $55 billion. Four Peaks will join the aforementioned brewery’s in AB-InBev’s The High End unit, which also includes the Shock Top and Stella Artois brands.
According to a press release, the deal is expected to close by the end of the first quarter of 2016, and will include Four Peak’s three primary locations in Arizona: the 8th Street Brewery & Pub in Tempe; the Grill & Tap in Scottsdale and the Wilson Street Brewery & Tasting Room in Tempe.
Terms of the agreement were not disclosed.