CBA is looking at a deal with the North Carolina craft brewer

CBA is looking at a deal with the North Carolina craft brewer

Craft Brew Alliance (CBA) is moving in on a “strategic partnership” with US east coast craft brewer and cidermaker Appalachian Mountain Brewery (AMB).

The two firms said yesterday they have signed a letter of intent to “explore potential opportunities to drive business growth and shareholder value through sharing resources in key strategic areas”. The potential tie-up will give employees of North Carolina-based AMB access to CBA's “thought leadership”, the companies said in a statement. Oregon-based CBA is 32%-owned by Anheuser-Busch InBev.

Further details - including financial terms - of the deal were not disclosed. However, Andy Thomas, CBA's chief executive told The Oregonian that the move is “not an acquisition” at this stage, but more details would come in the first half of next year.

In yesterday's statement, Thomas added: “As we look to the future, we’re excited to broaden the alliance with real brands that are steeped in place and legacy and nurture their ability to serve today’s increasing demand for great-tasting, local craft beers in emerging markets like North Carolina and the south-east.”

AMB's beers include Black Gold, Honey Badger and Blue Leaf. The company also produces cider under its Hard Mountain Cider subsidiary.