Wicked Weed Brewing will now be part of the world’s largest beer operation.

According a press release, the Asheville, N.C.-based brewery has been purchased by Anheuser-Busch and will join The High End, AB InBev’s business unit focused on its craft and import brands.

“This is an exciting time for the entire brewing team,” said Walt Dickinson, co-founder at Wicked Weed, in a press release. “Our ability to create a wide range of really well executed beers that are focused on creativity, quality and drinkability is what makes Wicked Weed great. We have chosen to partner with The High End to position ourselves to make Wicked Weed what we imagined it could be when we first sat at a craft beer bar and talked about opening a brewery. As a brewer, giving our team more resources to continue innovating our portfolio and the ability to reach more craft drinkers, allows us to keep putting the beer and the people first.”

Wicked Weed Brewing owns and operates four facilities in Asheville:

  • The original Downtown brewpub producing more than 150 different beers a year
  • The “Funkatorium,” which was the first dedicated sour beer taproom and barrel house on the east coast
  • A 50-barrel production brewery in west Asheville
  • The “Funk House and company headquarters,” a custom-designed brewhouse and training facility

While this is the second craft brewery acquired by AB InBev this year, the company acquired 10 different craft breweries between 2011 and 2016:

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.

According to the press release, the purchase is subject to regulatory approval, and terms of the agreement were not disclosed.