Anheuser-Busch acquires Four Peaks Brewing Company
Four Peaks joins Goose Island Beer Company, Blue Point Brewing Company, 10 Barrel Brewing, Elysian Brewing Company and Golden Road Brewing (which was bought just three months ago).
The craft brewers are part of The High End, Anheuser-Busch’s business unit for craft and import brands.
Staying in Arizona
Based in Tempe, Arizona, Four Peaks was launched in 1996 and distributes its brands across the state.
It expects to sell 70,000 barrels of beer this year, with its flagship product Kilt Lifter (a Scottish-style ale) making up more than 60% of sales. It also brews Pumpkin Porter, which grew more than 150% last year.
The brewer has been quick to assure fans on twitter that it will keep brewing in Arizona and that it’s ‘business as usual - making great beer.’
Four Peak’s co-founders said the deal will allow the brewery to build on its success and expand its footprint.
"We look forward to more opportunities to share what Four Peaks is about within our local community, and beyond," said Randy Schultz, co-founder.
The acquisition is expected to close during the first quarter of 2016, with financial details not disclosed.
Four Peaks is a local brewery and restaurant, which pledges to serve ‘high quality beer, food and service in a community atmosphere.’ The deal includes the brewer’s three main locations: the 8th Street Brewery & Pub in Tempe (its first brewpub), the Wilson Street Brewery & Tasting Room (also in Tempe) and the Grill & Tap in Scottsdale; as well as continuing the partnership at the Sky Harbor Airport facility.
poor business choice
Posted by Rusty Byers,