Brazil's number two brewer Schincariol has bought local craft brewer Baden Baden for an undisclosed sum.

Schincariol, which trails brewing giant AmBev in the world's fifth-largest beer market, has pounced for the Sao Paulo-based brewer, which produces its namesake premium brew.

Schincariol confirmed the acquisition when contacted by just-drinks today (19 January) but declined to comment further.

Local reports yesterday quoted Schincariol president Adriano Schincariol as saying more acquisitions would follow the purchase of Baden Baden.