The Portland-based brewing company, Craft Brew Alliance (“CBA”), creator of world-class craft beers, and Anheuser-Busch (“A-B”) have entered into an agreement that carries on from their successful 25-year old partnership. Anheuser-Busch will also purchase the remaining Craft Brew Alliance shares that it does not own in the merger in a cash transaction for $16.50 per share. A-B currently owns a 31.2% stake in CBA.
“Today’s announcement represents an exciting next step in a long and successful partnership with Anheuser-Busch, whose support for the growth of our business and brands traces back over 25 years,”, “By combining our resources, our talented teammates, and dynamic brands, we will look to nurture the growth of CBA’s existing portfolio as we continue investing in innovation to meet the changing needs of today’s beverage consumers, all while delivering certainty of value to our shareholders,” stated Andy Thomas, CEO of CBA.
“Anheuser-Busch has a long track record of working with its craft partners to help make the U.S. beer category stronger and more vibrant,” , “Our partnership with CBA goes back many years and we look forward to supporting CBA as they continue to bring great products to beer drinkers across the U.S.” stated Michel Doukeris, CEO of Anheuser-Busch.
CBA is set to join A-B’s high-performing Brewers Collective which is spread throughout the country offering consumers with innovative, quality beers. A-B has invested more than $130M in its craft partners in the last three years with production volume increasing by an average of 31% and creating 1,000 new jobs in its home community. The transaction is expected to close in 2020.
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