Less than a week after announcing the acquisition of Four Peaks Brewing, Anheuser-Busch InBev is at it again.
According to a press release, the company will be purchasing London, England-based Camden Town Brewery so that it can “expand its operations, bringing more of its popular canned, bottled and kegged beer to more people.”
“Our growth has been phenomenal,” said Camden Town’s founder. “To keep up with the demand for our distinctive beers we’ve had to look at expanding our brewing capacity and team. AB InBev is going to be our strategic partner, helping us maintain the character and quality of our beers, while giving us access to the investment we need to drive Camden to being ever more successful at home and abroad.”
Camden Town was founded in 2010 by Cuppaidge, and now employees 95 people selling 12 million pints in over 1,000 locations in 2015. Earlier this year, the brewery raised £2,750,860, or $3,002,140.56 on crowd funding website Crowdcube in order to build a second brewery in London and expand operations.
“We have a passion for great beer,” said Iain Newell, European director of specialities and craft at AB InBev. “Camden Town is a creative business with a great range of brands that will complement our existing portfolio. We will support their ambitious plans for the future, using our expertise and global distribution network to help them get their great beer to more people.”
AB InBev has acquired six 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, Seattle, Wash.-based Elysian Brewing Co. in 2014, Los Angeles, Calif.-based Golden Road Brewing in September and Tempe, Ariz.-based Four Peaks Brewing last week.
According to the brewery, the deal is expected to close by Jan. 7, 2016. Terms of the agreement are not being disclosed.