AB InBev to acquire Devil’s Backbone Brewing

Devil's Backbone bottling line // Photo via Facebook

Devil’s Backbone bottling line // Photo via Facebook

Anheuser-Busch InBev announced today that it is acquiring Virginia-based Devil’s Backbone Brewing to add to its High End portfolio.

Devil’s Backbone Brewing started in 2008 and has since built itself into one of Virginia’s leading craft breweries. Its lineup of German-style beers have raked in numerous medals and the brewery has won four national titles: 2014 Great American Beer Festival Mid-Size Brewery & Brew Team, 2013 Small Brewing Company & Small Brewing Company Brew Team, 2012 Small Brewpub & Small Brewpub Brewer, and 2010 World Beer Cup Champion Brewery.

“I am extremely pleased to announce the partnership of Devils Backbone Brewing Company with Anheuser-Busch. While we are joining a creative group of craft breweries in the division, Devils Backbone will retain a high level of autonomy and continue its own authentic DNA within The High End framework,” said Steve Crandall, co-founder and CEO of Devils Backbone Brewing Company. “The existing management team plans to stay on board for many years, while continuing to innovate and bring locally crafted Virginia beer to the nation.”

First Beverage Group acted as financial advisor to Devils Backbone Brewing Company. Anheuser-Busch’s partnership with Devils Backbone is expected to close in the second quarter, subject to customary closing conditions. Terms of the agreement were not disclosed.


The Mill Post Bottom Graphic

 

Speak Your Mind