US Approves Anheuser-Busch Deal To Buy Craft Brew Alliance
The US Justice Department has said that it has approved Anheuser-Busch's plan to buy the shares of Craft Brew Alliance that it does not already own.
The $220 million deal, which was announced in November, was approved on condition the companies sell Craft Brew Alliance's Kona brand beer.
The Portland-based CBA's other brands include Appalachian Mountain Brewery, Cisco Brewers, Redhook Brewery and Widmer Brothers Brewing.
'An Excellent Complement'
"CBA’s diverse portfolio of national lifestyle brands and award-winning regional breweries are an excellent complement to our family of craft partners," said Marcelo Michaelis, president of ABI's Brewers Collective business unit.
Anheuser-Busch owned 31.2% of CBA before the deal was announced, and also distributed many of CBA's brands.
The companies said in a release that closing was expected 'in the coming weeks.'