Anheuser-Busch InBev is buying breweries for Christmas, and has announced the third acquisition in less than a week.
The newest brewery to be purchased by the company is Littleton, Colo.-based Breckenridge Brewery. According to a press release, the deal will include the Breckenridge’s production brewery and Farm House restaurant in Littleton, along with the original brewpub and current innovation center located in nearby Breckenridge.
“We’re excited about the partnership and have been encouraged to continue on our path and become more innovative moving forward,” said Todd Usry, president of Breckenridge Brewery, in a press release. “I’m a believer in what The High End is focused on accomplishing and we are flattered that our team was chosen to help guide that journey. We’re looking forward to utilizing resources like decades of research and brewing expertise as we continue to create new beers.”
Founded in 1990 by Richard Squire, Breckenridge is currently available in 35 states and will sell approximately 70,000 barrels of beer by the end of 2015.
“Breckenridge Brewery has a long history of innovation and they continue to brew new and exciting beers, from their specialty brews like the Mountain Series that celebrates the brewery’s origin as a ski town brewpub, to their planned nitro can series,” added Andy Goeler, ceo of AB InBev’s The High End.
“They are innovative and have built an amazing business that’s enabled them to get their great beers to fans across the country. We look forward to even more growth together.”
AB InBev has acquired eight different craft breweries since 2011:
- Goose Island Beer Co. (Chicago, Ill.) — 2011,
- Blue Point Brewing and Bend (New York, N.Y.) — 2014
- 10 Barrel Brewing (Bend, Ore.) — 2014
- Elysian Brewing Co. (Seattle, Wash.) — 2014
- Golden Road Brewing (Los Angeles, Calif.) — 2015
- Four Peaks Brewing (Tempe, Ariz.) — 2015
- Camden Town Brewery (London, U.K.) — 2015
- Breckenridge Brewery (Littleton, Colo.) — 2015
The announcement of Four Peaks came only five days ago and Camden Town announced its acquisition yesterday.
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 alongside the seven other craft brands.
According to the press release, the deal is expected to close in the first quarter of 2016. Terms of the agreement are not being disclosed.