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US Approves Anheuser-Busch Deal To Buy Craft Brew Alliance

Published on Sep 21 2020 1:50 PM in Drinks tagged: Trending Posts / Anheuser-Busch / CBA

US Approves Anheuser-Busch Deal To Buy Craft Brew Alliance

The US Justice Department has said that it has approved Anheuser-Busch's plan to buy the shares of Craft Brew Alliance that it does not already own.

The $220 million deal, which was announced in November, was approved on that condition that 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.

Closing Expected Soon

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.

The companies said in a release that closing is expected "in the coming weeks."

News by Reuters edited by Checkout. Edited by Donna Ahern. Click subscribe to sign up for the Checkout print edition.

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