Anheuser-Busch InBev has secured the purchase of another craft brewer, this time in Australia.

The brewing giant's Carlton & United Breweries division in the country announced earlier today that it has bought 4 Pines. The craft brewer, located just outside Sydney in Manly, was formed by a father and son team in 2008, will retain its management and look to expand capacity at one of its two brewing facilities to the north of the city.

Financial details related to the transaction were not disclosed.

"When AB InBev first approached I was sceptical," said 4 Pines co-founder Jaron Mitchell. "We've spent the last ten years building a business with ideals that have worked for us so far and we weren't willing to compromise on anything. And, we haven't.

"We will keep doing what we've always done, except now we are able to realise our long-term goals even sooner and immediately roll out some plans that are seriously epic."

The sale will enable 4 Pines to expand operations at the Brookvale brewery and allow the craft brewer access to AB InBev's global resources. "The brewers' joint aspiration is to see the unique 4 Pines identity and operations amplified to become locally famous in Australia and globally celebrated," said CUB.

4 Pines joins a raft of other craft brewers in A-B InBev's global stable. In the US, the group's The High End craft division houses the likes of Elysian, Wicked Weed, 10 Barrel, Four Peaks and Devils Backbone, while in the UK the company acquired Camden Town Brewery in London in late-2015. Earlier this year, the company's venture capital unit, ZX Ventures, bought Cervezas La Virgen in Spain, which joined Italy's Birra del Borgo.

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