Craft Brew Alliance and Anheuser-Busch Partnership Cleared by U.S. Dept. of Justice
18 Setembro 2020 - 4:46PM
Business Wire
Expansion of 25-year relationship between
brewing companies nears closure
Today, Craft Brew Alliance (“CBA”) (Nasdaq: BREW) and
Anheuser-Busch (“A-B”) announced that they have entered into an
agreement with the United States Department of Justice that is an
important next step toward the closing of the proposed expanded
partnership between CBA and A‑B. The companies’ agreement with the
U.S. Department of Justice comes after CBA shareholder approval of
the proposed expanded partnership and CBA and A-B’s decision to
sell CBA’s Kona Brewing operations in Hawaii to PV Brewing
Partners.
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the full release here:
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“This latest milestone brings us one step closer to officially
joining the Brewers Collective family,” said Andy Thomas, CEO of
CBA. “We look forward to combining our resources, talented
teammates, and dynamic brands as we continue nurturing the growth
of CBA’s existing portfolio and investing in innovation to meet the
changing needs of today’s beverage consumers, all while delivering
certainty of value to our shareholders.”
“The beer industry in the U.S. is competitive and dynamic, with
more choices available to consumers than ever before,” said Marcelo
“Mika” Michaelis, president, Brewers Collective, Anheuser-Busch.
“CBA’s diverse portfolio of national lifestyle brands and
award-winning regional breweries are an excellent complement to our
family of craft partners and would continue to help fuel the growth
of the craft beer category.”
Closing of the combination is expected to occur in the coming
weeks. In connection with the closing, CBA shareholders will
receive $16.50 in cash per share of Craft Brew Alliance common
stock, as previously announced.
ABOUT CRAFT BREW ALLIANCE
CBA is a leading craft brewing company that brews, brands, and
brings to market world-class American craft beers.
Our distinctive portfolio combines the power of Kona Brewing
Company, a dynamic, fast-growing national craft beer brand, with
strong regional breweries and innovative lifestyle brands:
Appalachian Mountain Brewery, Cisco Brewers, Omission Brewing Co.,
Redhook Brewery, Square Mile Cider Co., Widmer Brothers Brewing,
and Wynwood Brewing Co. CBA nurtures the growth and development of
its brands in today’s increasingly competitive beer market through
our state-of-the-art brewing and distribution capability,
integrated sales and marketing infrastructure, and strong focus on
innovation, partnerships, and local community.
Formed in 2008, CBA is headquartered in Portland, Oregon and
operates breweries and brewpubs across the U.S. CBA beers are
available in all 50 U.S. states and 30 different countries around
the world. For more information about CBA and our brands, please
visit www.craftbrew.com.
ABOUT ANHEUSER-BUSCH
For more than 165 years, Anheuser-Busch has carried on a legacy
of brewing great-tasting, high-quality beers that have satisfied
beer drinkers for generations. Today, we own and operate more than
100 facilities, including breweries, wholesaler distribution
centers, agricultural facilities and packaging plants, and have
more than 18,000 colleagues across the United States. We are home
to several of America’s most recognizable beer brands, including
Budweiser, Bud Light, Michelob ULTRA and Stella Artois, as well as
a number of regional brands that provide beer drinkers with a
choice of the best-tasting craft beers in the industry. From
responsible drinking programs and emergency drinking water
donations to industry-leading sustainability efforts, we are guided
by our unwavering commitment to supporting the communities we call
home. For more information, visit www.anheuser-busch.com or follow
Anheuser-Busch on LinkedIn, Twitter, Facebook and Instagram.
ABOUT BREWERS COLLECTIVE
Brewers Collective, a business unit of Anheuser-Busch, is on a
mission to energize how people view, consume and experience beer by
sharing our joy of brewing. We have an unwavering devotion to our
beer, brands, people and communities, and are on a continued
pursuit of making the next beer our best one yet. We believe that
quality is not an exception, innovation is a standard, and that
everyone is welcome within the world of beer. Brewers Collective
encourages everyone to drink responsibly, hydrate and get a safe
ride home when needed.
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version on businesswire.com: https://www.businesswire.com/news/home/20200918005547/en/
Jenny McLean, Craft Brew Alliance jenny.mclean@craftbrew.com
Laura Ballantyne, Brewers Collective, craft business unit of
Anheuser-Busch Laura.Ballantyne@brewerscollective.com
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