US Approves Anheuser-Busch Deal To Buy Craft Brew Alliance
The US Justice Department has said that it has approved Anheuser-Busch's plan to buy the shares of Craft Brew Alliance that it does not already own.
The $220 million deal, which was announced in November, was approved on that condition that the companies sell Craft Brew Alliance's Kona brand beer.
The Portland-based CBA's other brands include Appalachian Mountain Brewery, Cisco Brewers, Redhook Brewery and Widmer Brothers Brewing.
Anheuser-Busch owned 31.2% of CBA before the deal was announced, and also distributed many of CBA's brands.
"CBA’s diverse portfolio of national lifestyle brands and award-winning regional breweries are an excellent complement to our family of craft partners," said Marcelo Michaelis, president of ABI's Brewers Collective business unit.
Closing "In The Coming Weeks"
The companies said in a release that closing is expected "in the coming weeks."