03 Nov Undeterred by DOJ Scrutinies, AB InBev Snatches Another Craft Brewery
Anheuser-Busch InBev today announced it would purchase Karbach Brewing Company, the fastest-growing craft brewery in Texas and the ninth to join A-B’s ever-expanding High End division.
Specific financial terms of the transaction were not disclosed.
Unlike the majority of A-B’s previous acquisitions — Goose Island, Blue Point, 10 Barrel, Elysian, Golden Road, Virtue Cider, Four Peaks, Breckenridge Brewery, Devils Backbone and SpikedSeltzer — there’s a new wrinkle this time around: The deal comes less than two months after the U.S. Department of Justice promised to “carefully scrutinize any future craft acquisitions,” upon closing an investigation into A-B’s purchase of Devils Backbone.
At the time, Deputy Assistant Attorney General Juan Arteaga said the division would “consider whether these transactions, either singularly or collectively, are likely to harm competition by, among other things, giving ABI the ability to prevent its craft rivals from effectively getting their products to the market.”…CLICK HERE TO READ THE FULL STORY AT BREWBOUND.COM
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