Monday, April 15, 2024
AB to buy CBA
The U.S. Justice Department approved Anheuser-Busch's plan to buy the shares of Craft Brew Alliance that it does not already own.
It was announced in November that the $220 million deal was approved on condition the companies sell Craft Brew Alliance's Kona brand beer.
The Portland-based CBA's other brands include Appalachian Mountain Brewery, Cisco Brewers, Redhook Brewery and Widmer Brothers Brewing.
Anheuser-Busch owned 31.2% of CBA before the deal was announced, and also distributed many of CBA's brands.
"CBA’s diverse portfolio of national lifestyle brands and award-winning regional breweries are an excellent complement to our family of craft partners," said Marcelo Michaelis, president of ABI's Brewers Collective business unit.
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