Anheuser-Busch InBev is making its third craft brewery purchase in the last five days, today announcing the acquisition of Colorado’s Breckenridge Brewery.
Specific terms of the transaction were not disclosed and the deal is expected to close during the first quarter of 2016.
Breckenridge Brewery will sell approximately 70,000 barrels in 2015, the company said in a statement.
Recall that in August, A-B announced the purchase a number of wholesalers in Colorado. In two separate transactions, it acquired American Eagle Distributing in Loveland, Colo. and three outfits owned by Standard Sales Company, an A-B wholesaler based in Odessa, Texas.
The Breckenridge Brewery purchase, which includes the company’s new production brewery and Farm House restaurant in Littleton, as well as its original brewpub and current innovation center in Breckenridge, means A-B will now owns stakes in all three tiers of the industry, operating as a producer, wholesaler and retailer in Colorado.
A-B has now acquired seven U.S. craft breweries since 2011, including Goose Island, Blue Point Brewing, 10 Barrel Brewing, Elysian Brewing, Golden Road and Four Peaks Brewing. All seven breweries are part of what A-B calls “The High End Division,” which also includes brands like Stella Artois, Shock Top and Virtue Cider.
The company has expanded its interest in the craft category globally, too, purchasing five international outfits — London’s Camden Town Brewery, Toronto’s Mill Street Brewery, Brazil’s Cervejaria Colorado and Cervejaria Wäls and Colombia’s largest craft brewery, Bogota Beer Company.
First Beverage Group acted as the financial advisor to Breckenridge Brewery and Brownstein Hyatt Farber Schreck, LLP provided legal counsel.