Anheuser-Busch InBev, the largest beer manufacturer in the world, announced yesterday that it will purchase craft brewery 10 Barrel Brewing. It’s the company’s second craft brewery purchase this year, following the February sale of New York’s Blue Point Brewing.
Anheuser-Busch InBev is a Belgian-Brazilian multinational beverage and brewing company headquartered in Leuven, Belgium and São Paulo, Brazil. It is the world’s largest brewer and has a 25 percent global market share.
10 Barrel, which expects to sell 40,000 barrels of beer this year, was one of only four U.S. breweries to win three medals and tied for most medals won at this year’s Great American Beer Festival, the largest beer competition in the world.
“For the past eight years, we’ve been brewing beer, drinking beer and having fun doing it.” 10 Barrel co-founder Jeremy Cox, who will continue to lead the brewery along with his partners, co-founder and brother Chris Cox and Garrett Wales, said. “We are excited to stay focused on brewing cool beers, get our beers in more hands, and make the most of the operational and distribution expertise of Anheuser-Busch.”
“10 Barrel, its brewers and their high-quality beers are an exciting addition to our high-end portfolio,” said Andy Goeler, CEO, Craft, Anheuser-Busch. “The brewery is a major contender in the Northwest, an area with a large number of craft breweries. We see tremendous value in the brewery’s unique offerings and differentiated style, which 10 Barrel fans know and love.”
Terms of the purchase were undisclosed but includes the 10 Barrel’s existing and planned brewpubs in Bend, Boise and Portland. The purchase is expected to close by the end of the year.
First Beverage Group acted as financial adviser to 10 Barrel, and Spencer Fane Britt & Browne provided legal counsel.
About 10 Barrel Brewing Co.
10 Barrel Brewing Co. is a Bend, Oregon based brewery with one simple mindset … brew beer, drink beer and have fun doing it. They currently distribute their brands in Oregon, Idaho and Washington.
www.10barrel.com
fb.com/10barrelbrewingco and @10barrelbrewing on Instagram and Twitter.
About Anheuser-Busch
For more than 160 years, Anheuser-Busch and its world-class brewmasters have carried on a legacy of brewing America’s most-popular beers. Starting with the finest, all-natural ingredients sourced from Anheuser-Busch’s family of growers, every batch is hand-crafted using the same exacting standards and time-honored traditions passed down through generations of proud Anheuser-Busch brewmasters and employees.
Best known for its fine American-style lagers, Budweiser and Bud Light, the company’s beers lead numerous beer segments and combined hold 47.2 percent share of the U.S. beer market. Anheuser-Busch is the U.S. arm of Anheuser-Busch InBev and operates 12 breweries, 17 distributorships and 23 agricultural and packaging facilities across the United States, representing a capital investment of more than $15.5 billion. Its flagship brewery remains in St. Louis, Mo., and is among the global company’s largest and most technologically capable breweries. Visitor and special beermaster tours are available at its St. Louis and four other Anheuser-Busch breweries.
www.anheuser-busch.com.
