Anheuser-Busch InBev has announced today that it will be acquiring Nelson County, Va.-based Devils Backbone Brewing Co. The craft brewery will join AB-InBev’s The High End unit, which also includes the Shock Top and Stella Artois brands alongside the eight other craft brands.
Founded in 2008 by Steve and Heidi Crandall, Devils Backbone operates the Outpost Brewery & Taproom in Lexington, Va., which also serves as the primary production brewery, as well as the Basecamp Brewpub & Meadows in Roseland, Va., which is more of a visitor destination. The two locations saw more than 500,000 visitors combined last year, and the brewery recently completed an additional expansion which will allow it to produce approximately 250,000 barrels of beer.
“I am extremely pleased to announce the partnership of Devils Backbone Brewing Company with Anheuser-Busch,” said Steve Crandall, co-founder and ceo of Devils Backbone, in a press release. “While we are joining a creative group of craft breweries in the division, Devils Backbone will retain a high level of autonomy and continue its own authentic DNA within The High End framework.”
While this is the first 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
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.
According to a press release, the existing management will remain in place. Terms of the agreement were not disclosed, but the deal is expected to close in the second quarter, with First Beverage Group acting as financial adviser to Devils Backbone.