AB InBev Augments Craft Stable With Elysian AcquisitionJanuary 26, 2015
Less than three months after causing a stir with its November purchase of Oregon’s 10 Barrel Brewing, AB InBev has made another move in the craft beer segment, agreeing to acquire Seattle-based Elysian Brewing Company for an undisclosed sum. The deal includes Elysian’s Seattle Airport Way brewery, as well as its four Seattle brewpubs.
Elysian sold over 50,000 barrels last year, with its Immortal IPA label accounting for more than a quarter of the total. Elysian CEO and co-founder Joe Bisacca will stay on with the acquired company, as will partners Dick Cantwell (co-founder and head brewer) and David Buhler.
Elysian joins an AB InBev craft portfolio that has steadily expanded in recent years. In addition to 10 Barrel, the world’s largest brewer purchased Long Island’s Blue Point Brewing in February of last year, as well as Chicago’s Goose Island in 2011. The Elysian acquisition is expected to close by the end of March.
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