US: Anheuser-Busch InBev continues craft moves with Blue Point Brewing Co buy
Anheuser-Busch InBev's proposed purchase of Blue Point Brewing Co should close in Q2
The US arm of Anheuser-Busch InBev has made its latest foray into the craft beer category through the planned purchase of Blue Point Brewing Co.
Anheuser-Busch confirmed today (5 February) that it will buy the Long Island-based brewer for an undisclosed sum. The transaction is expected to complete early in the second quarter, the division said.
Founded by Mark Burford and Peter Cotter 15 years ago in Patchogue, NY, Blue Point is the 34th largest craft brewery in the US, according to A-B. The brewery will remain in operation, with A-B looking to “invest in the brewery to grow its operational capabilities and enhance the consumer experience over the next few years”.
Last year, the craft brewer sold around 60,000 barrels, with 50% of volumes coming from flagship brand Toasted Lager.
In 2011, A-B bought Chicago-based craft brewer Goose Island for US$38.8m. The brewing giant has also looked to introduce a craft extension of its flagship Budweiser beer through the development of beers like Budweiser Black Crown.
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