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Anheuser-Busch InBev buys Breckenridge Brewery

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Anheuser-Busch InBev has announced its third craft brewer purchase in four days with an agreement to buy Colorado's Breckenridge Brewery.

Welcome the latest addition to Anheuser-Busch InBevs craft cannon, Colorados Breckenridge Brewery

Welcome the latest addition to Anheuser-Busch InBev's craft cannon, Colorado's Breckenridge Brewery

The Budweiser owner, which lined up a deal to take over the UK's Camden Brewery yesterday and Four Peaks Brewing Co on Saturday, said today it expects to close the latest deal in the first quarter of next year. No financial details have been released, while Breckenridge's management will remain in place, AB InBev said.

Breckenridge Brewery will sell about 70,000 barrels of beer in 35 states this year. Its assets include a restaurant and new brewery at its Littleton headquarters, while core brands include Vanilla Porter, Agave Wheat and Breck IPA.

Breckenridge will be AB InBev's seventh addition to its High End craft beer unit, which also includes Goose Island, Blue Point Brewery and 10 Barrel Brewing.

"Breckenridge Brewery has a long history of innovation and they continue to brew new and exciting beers, from their speciality brews like the Mountain Series that celebrates the brewery's origin as a ski town brewpub, to their planned nitro can series," said Andy Goeler, CEO for AB's High End unit. "They are innovative and have built an amazing business that's enabled them to get their great beers to fans across the country. We look forward to even more growth together."

The Breckenridge, Camden and Four Peaks buys follow AB InBev's agreed takeover of SABMiller for more than US$100bn.

Is AB InBev's Camden Town buy a sign of confusion? Click here to find out.


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