According to a post on its Facebook page, Australia-based 4 Pines Brewing Co. has been purchased by Anheuser-Busch, which 4 Pines says will give it access to capital as well as a global distribution network while still keeping all of its employees in management as well as at both of its breweries in Manly and Brookvale. The purchase was made through AB InBev’s ZX Ventures subsidiary.
“When AB InBev first approached I was skeptical and didn’t think much more of it than an opportunity to nab some grand final tickets,” said 4 Pines co-founder Jaron Mitchell, in a press release. “We’ve spent the last 10 years building a business with ideals that have worked for us so far and we weren’t willing to compromise on anything. And we haven’t. Our purpose has always been to restore the fun in people’s lives and forever challenge what the world imagines business should be. So we will keep doing what we’ve always done, except now we are able to realize our long-term goals even sooner and immediately roll out some plans that are seriously epic.”
This is the third craft brewery acquired by AB InBev this year, following the purchases of Boxing Cat Brewery in Shanghai, China and Wicked Weed Brewing in Asheville, N.C. In addition, Anheuser-Busch also owns a number of other Austrian beer brands, including Carlton Draft, Pure Blonde and Victoria Bitter.
In October 2015, AB InBev agreed in principle to purchase SABMiller for $104 billion, with the combined company reaching sales of approximately $55 billion. The deal was finalized in September 2016. In addition, earlier this month AB InBev laid off an estimated 350 employees in its The High End division, which is the company’s business unit focused on its craft and import brands.
Founded by Jaron Mitchell in 2008 in Manly, New South Wales, 4 Pines expanded with a larger brewery in the nearby town of Brookvale in 2012.
Financial terms of the agreement were not disclosed.