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Wicked Weed sold to Anhueser-Busch

Wicked-Weed-Brewing-LogoFans of Asheville, NC brewery Wicked Weed woke up to shocking news this morning: Anheuser-Busch has finalized a plan to acquire the beloved, funky brand.

“This is an exciting time for the entire brewing team,” said co-founder Walt Dickinson. “Our ability to create a wide range of really well executed beers that are focused on creativity, quality and drinkability is what makes Wicked Weed great.”

Wicked Weed will join breweries like Goose Island, Breckenridge and Devil’s Backbone in A-B’s The High End division dedicated to high end craft and import beers.

“We have chosen to partner with The High End to position ourselves to make Wicked Weed what we imagined it could be when we first sat at a craft beer bar and talked about opening a brewery,” Dickenson said. “As a brewer, giving our team more resources to continue innovating our portfolio and the ability to reach more craft drinkers, allows us to keep putting the beer and the people first.”

While financial details were not released, it is sure to be significant due to the brewery’s four-brewery foot print — the original brewery, Funkatorium (all oak-aged brews), a 40,000 square foot satellite 50-barrel brewery and their new 57,000 square foot brewery dedicated exclusively to the production of sour, farmhouse and wild-fermented beers.

“It’s clear to me Wicked Weed is redefining what sophistication in beer can mean,” said Felipe Szpigel, president of The High End. “With their amazing offerings being relevant in a wide variety of occasions. Their ability to brew the highest quality beers, in a variety of styles, along with their exciting barrel program, leads me to be optimistic about what our futures hold together.”

If the model to manage craft beer acquisitions by A-B holds true, production of core beers will be handed off to A-B while specialty beer innovation will be retained by the team at Wicked Weed. In addition to an influx in operating capital, A-B provides Wicked Weed with the ability to take advantage of economy of scale purchasing for raw materials that could significantly improve the small brewer’s bottom line.

The sale is subject to regulatory approval.

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Posted by on May 3, 2017 in Beer, Brewery Acquisitions

 

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A-B InBev acquire 10 Barrel Brewing Company

10_Barrel_Brewing.sflbThe folks at Anheuser-Busch InBev are at it again and have snapped up another craft brewery. This time they have grabbed Bend, Ore. Producer 10 Barrel Brewing Company. This is the mega-brewopoly’s second craft acquisition this year; the first was New York’s Blue Point Brewing Company.

Read the press release below for more details.

ST. LOUIS and BEND, Ore. (November 5, 2014) – Anheuser-Busch today announced it has agreed to purchase 10 Barrel Brewing Company, located in Bend, Ore. One of the country’s fastest-growing and most innovative breweries, 10 Barrel was one of only four U.S. breweries to win three medals and tied for most medals won at this year’s Great American Beer Festival, the largest beer competition in the world.

“For the past eight years, we’ve been brewing beer, drinking beer and having fun doing it.” said co-founder Jeremy Cox, who will continue to lead 10 Barrel along with his partners, co-founder and brother Chris Cox, and Garrett Wales. “We are excited to stay focused on brewing cool beers, get our beers in more hands, and make the most of the operational and distribution expertise of Anheuser-Busch,” said Cox.

10 Barrel expects to sell approximately 40,000 barrels of beer in 2014. Apocalypse IPA, the brewer’s most popular beer, accounts for nearly half of the company’s total volume.

“10 Barrel, its brewers, and their high-quality beers are an exciting addition to our high-end portfolio,” said Andy Goeler, CEO, Craft, Anheuser-Busch. “The brewery is a major contender in the Northwest, an area with a large number of craft breweries. We see tremendous value in the brewery’s unique offerings and differentiated style, which 10 Barrel fans know and love.”

In addition to the Bend brewery, the acquisition will include the company’s existing brewpubs in Bend and Boise, Idaho; and a Portland brewpub scheduled to open in early 2015.

Anheuser-Busch’s purchase of 10 Barrel is expected to close by the end of 2014. Terms of the agreement were not disclosed.

 
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Posted by on November 5, 2014 in Beer News

 

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