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Anheuser-Busch to Acquire Elysian Brewing.

MANews-(C)2009-2015

23 January 2015 - Belgian-Brazilian brewer Anheuser-Busch InBev's US-based Anheuser-Busch unit has agreed to purchase US-based microbrewer Elysian Brewing Co, the company said on Friday.

Elysian, which is based in Seattle, Washington, has been in business for 20 years. The company's portfolio of beers includes Immortal IPA.

The company sold more than 50,000 barrels of beer in 2014, with Immortal IPA accounting for more than a quarter of the company's total volume.

In addition to the company's Seattle Airport Way brewery, the acquisition includes Elysian's four Seattle brewpubs, Elysian Capitol Hill, Elysian Tangletown, Elysian Fields and Elysian BAR.

Anheuser-Busch's purchase of Elysian is expected to close by the end of 1Q15.

Terms of the agreement were not disclosed.

Anheuser-Busch is best known for its fine American-style lagers, Budweiser and Bud Light. Anheuser-Busch is the US arm of Anheuser-Busch InBev and operates 15 breweries, 17 distributorships and 23 agricultural and packaging facilities across the United States, representing a capital investment of more than USD 15.5bn.

Country: USA

Sector: Food/Beverages/Tobacco

Target: Elysian Brewing Co

Buyer: Anheuser-Busch

Deal size in USD:

Type: Corporate acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the agreement were not disclosed

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Publication:M & A Navigator
Date:Jan 23, 2015
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