10 Barrel Brewing, a craft beer firm primarily based in Bend, Ore., at present introduced it has agreed to be acquired by Anheuser-Busch InBev, the world’s largest beer producer. Official phrases of the deal weren’t disclosed.
It’s A-B InBev’s second craft acquisition this 12 months — it bought New York’s Blue Level Brewing in February — and displays the beer large’s rising curiosity within the craft section.
10 Barrel expects to promote 40,000 barrels of beer this 12 months, up from 23,500 barrels offered in 2013.
A full launch is beneath. Official story to comply with.
Anheuser-Busch at present introduced it has agreed to buy 10 Barrel Brewing Firm, positioned in Bend, Ore. One of many nation’s fastest-growing and most progressive breweries, 10 Barrel was one among solely 4 U.S. breweries to win three medals and tied for many medals received at this 12 months’s Nice American Beer Competition, the most important beer competitors on this planet.
“For the previous eight years, we’ve been brewing beer, ingesting beer and having enjoyable doing it.” stated co-founder Jeremy Cox, who will proceed to guide 10 Barrel alongside together with his companions, co-founder and brother Chris Cox, and Garrett Wales. “We’re excited to remain centered on brewing cool beers, get our beers in additional palms, and take advantage of the operational and distribution experience of Anheuser-Busch,” stated Cox.
10 Barrel expects to promote roughly 40,000 barrels of beer in 2014. Apocalypse IPA, the brewer’s hottest beer, accounts for practically half of the corporate’s complete quantity.
“10 Barrel, its brewers, and their high-quality beers are an thrilling addition to our high-end portfolio,” stated Andy Goeler, CEO, Craft, Anheuser-Busch. “The brewery is a serious contender within the Northwest, an space with numerous craft breweries. We see large worth within the brewery’s distinctive choices and differentiated fashion, which 10 Barrel followers know and love.”
Along with the Bend brewery, the acquisition will embrace the corporate’s present brewpubs in Bend and Boise, Idaho; and a Portland brewpub scheduled to open in early 2015.
Anheuser-Busch’s buy of 10 Barrel is anticipated to shut by the top of 2014. Phrases of the settlement weren’t disclosed.
First Beverage Group acted as monetary adviser to 10 Barrel, and Spencer Fane Britt & Browne supplied authorized counsel.
Huge Information from 10 Barrel Brewing Co on Vimeo.
About 10 Barrel Brewing Co.
10 Barrel Brewing Co. is a Bend, Ore., primarily based brewery with one easy mindset  brew beer, drink beer and have enjoyable doing it. They at the moment distribute their manufacturers in Oregon, Idaho and Washington. For extra info, take a look atwww.10barrel.com or get social at fb.com/10barrelbrewingco and @10barrelbrewing on Instagram and Twitter.
About Anheuser-Busch
For greater than 160 years, Anheuser-Busch and its world-class brewmasters have carried on a legacy of brewing America’s most-popular beers. Beginning with the best, all-natural substances sourced from Anheuser-Busch’s household of growers, each batch is hand-crafted utilizing the identical exacting requirements and time-honored traditions handed down by means of generations of proud Anheuser-Busch brewmasters and workers. Finest recognized for its tremendous American-style lagers, Budweiser and Bud Gentle, the corporate’s beers lead quite a few beer segments and mixed maintain 47.2 % 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 services throughout america, representing a capital funding of greater than $15.5 billion. Its flagship brewery stays in St. Louis, Mo., and is among the many world firm’s largest and most technologically succesful breweries. Customer and particular beermaster excursions can be found at its St. Louis and 4 different Anheuser-Busch breweries. For extra info, go towww.anheuser-busch.com.
