Anheuser-Busch InBev continues to grow, as it was announced today that the company will acquire Los Angeles, Calif.-based Golden Road Brewing.
“The energy and passion of the beer community is what drew me into this industry and with Golden Road we wanted to help develop the craft beer market in L.A.,” said Meg Gill, president and co-founder at Golden Road Brewing, in a press release. “Our team worked hard to build Golden Road from the ground up and we are proud of the growth we’ve achieved in such a short time. California is an exciting and competitive market for beer and I see endless opportunities in partnering with Anheuser-Busch and their incredible distribution network to bring our beers to more people.”
Golden Road was founded in 2011 by co-owners Meg Gill and Tony Yanow, and currently distributes in the states of California, Arizona and Nevada. The brewery is scheduled to sell approximately 45,000 barrels of beer in 2015, and its products can be found in more than 4,000 retail locations.
“Golden Road’s commitment to making great beer, their pioneering spirit and the passionate beer culture built within the company is what appealed to us,” said Andy Goeler, ceo, craft at Anheuser-Busch. “Their focus on giving back to the community and impact on the Los Angeles craft market in four short years makes Golden Road a strong addition to our craft portfolio.”
AB-InBev has purchased four different craft breweries since 2011: Chicago, Ill.-based Goose Island Beer Co. in 2011, New York, N.Y.-based Blue Point Brewing and Bend, Ore.-based 10 Barrel Brewing in 2014 and Seattle, Wash.-based Elysian Brewing Co. earlier this year.
According to a press release, the deal is expected to close by the end of the forth quarter this year. Terms of the agreement were not disclosed.