For the second time this year, AB InBev has acquired an already established craft brewery.
This time, the brewery is Karbach Brewing Co., which was launched in 2011 by co-founders Ken Goodman and Chuck Robertson. The craft brewery will join AB-InBev’s The High End unit, which also includes the Shock Top and Stella Artois brands alongside the nine other craft brands.
The Houston, Texas-based brewery produced 40,000 barrels of beer in 2014 and expanded from its home city of Houston to the Dallas/Ft. Worth metroplex in June 2015. According to a press release, Anheuser-Busch plans to invest in Karbach to eventually reach a brewing capacity of 150,000 barrels per year by 2019.
“Chuck and I started the brewery five years ago on Karbach Street in Houston, where the warehouse was located for the beer distribution company we started decades before,” said Ken Goodman, co-founder of Karbach, in a press release. “After watching so much great beer move through our warehouse over the years we decided it was time to add our own to that list. Karbach is the heart and soul of our beer industry careers, and we are thrilled about this new partnership with The High End and what it will mean for our dream to give more Texans the most unique, unexpected, and exciting beers they’ll have fun drinking.”
While this is the second brewery acquired by AB InBev this year, the company acquired eight different craft breweries between 2011 and 2015:
- 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
- Devils Backbone Brewing Co. (Nelson County, Va.) — 2016
- Karbach Brewing Co. (Houston, Texas) — 2016
In October 2015, Anheuser-Busch 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.
According to a press release, the existing management will remain in place. Terms of the agreement were not disclosed, but Duff and Phelps acted as financial adviser to Karbach.