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Anheuser-Busch to Acquire Colorado Craft Brewer Breckenridge.

MANews-(C)2009-2015

28 December 2015 - Belgian brewer Anheuser-Busch InBev's (NYSE BUD) US-based Anheuser-Busch unit will acquire Colorado-based craft brewer Breckenridge Brewery, the company said.

With this agreement, Breckenridge Brewery is the seventh craft brewery to join The High End, Anheuser-Busch's business unit of craft and import brands.

Available in 35 states, Breckenridge Brewery will sell approximately 70,000 barrels of beer in 2015. The new brewery and Farm House restaurant in Littleton have positioned the brewery for future growth.

The brewery will continue to make its unique portfolio of beers ranging from their Vanilla Porter, to Agave Wheat, to their core brands, seasonal specialties and barrel-aged beers.

Breckenridge Brewery will join Goose Island Beer Co., Blue Point Beer Co, 10 Barrel Brewing, Elysian Brewing Co, Golden Road Brewing and Four Peaks Brewing company as part of The High End's craft beer portfolio.

The partnership includes the company's new production brewery and Farm House restaurant in Littleton, and original brewpub and current innovation center in the mountain town of Breckenridge.

The current management group, Breckenridge-Wynkoop, will continue to own and operate its remaining businesses including: Ale House at Amato's in Denver; Breckenridge Ale House in Grand Junction; Breckenridge Colorado Craft in Denver; The Cherry Cricket in Denver; Mainline in Fort Collins; Phantom Canyon Brewing Co. in Colorado Springs; and Wynkoop Brewing company in Denver.

Anheuser-Busch's partnership with Breckenridge Brewery is expected to close in 1Q16, subject to customary closing conditions.

Terms of the agreement were not disclosed.

First Beverage Group acted as financial advisor to Breckenridge Brewery, and Brownstein Hyatt Farber Schreck, LLP provided legal counsel.

Breckenridge Brewery,is based in Littleton, Colorado and was founded in 1990.

The original recipes and a handful of seasonal creations are hand-crafted at the company's Colorado-based production brewery in Littleton, and brewpub in Breckenridge, and also available in 35 states across the country.

The High End is a business unit of Anheuser-Busch. It was created to provide its craft and European import brands with autonomy and support for growth.

Established recently, The High End includes brands such as Stella Artois and Shock Top, along with craft breweries Goose Island, Blue Point, ten Barrel, Elysian and Golden Road.

Country: USA

Sector: Food/Beverages/Tobacco

Target: Breckenridge Brewery

Buyer: Anheuser-Busch

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U8CO
Date:Dec 28, 2015
Words:396
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