AB InBev continues craft beer spree with acquisition of Belgian brewer Bosteels
According to a joint press release from Bosteels Brewery and AB InBev, the family-run Bosteels will continue to operate the brewery as part of AB InBev’s craft and speciality division and will remain in its home location of Buggenhout, Belgium.
The Belgian brewery uses traditional beer recipes dating back to the 17th century with its flagship Tripel Karmeliet, a mixture of wheat, oats, and barley originating out of Carmelite monastery in the Flemish province of Dendermonde, Belgium.
The brewer's Tripel Karmeliet, Kwak and Deus brands are distributed throughout European markets including France, Italy and the Netherlands. Last year, the brewer produced roughly 3.8m gallons of beer, with its Tripel Karmeliet and Kwak brands growing 20% to 30% in 2015.
Adding to craft beer roster
Since 2011, AB InBev has made craft brewery acquisitions including Chicago’s Goose Island, Blue Point Brewing, Elysian Brewing, Breckenridge Brewing, and most recently, Devil’s Backbone Brewing, located in Virginia.
Brewery chief Antione Bosteels, who will remain chairman of the board of Bosteels Brewery, said in a press release that he was very happy about the acquisition and that he believes AB InBev and Bosteels have the same values and commitment toward brewing premium craft beer.
“Looking at the many awards and high ratings that brands and AB InBev breweries have received, you can already see that we will be part of a great community of brewers,” Bosteels said in a statement.
AB InBev still in pursuit of finalizing SABMiller deal
Disclosure of the deal is likely to come as a surprise to some, as AB InBev has still not completed its $105.49bn purchase of SABMiller, but has made further headway into acquiring craft brewers throughout the world.
AB InBev and SABMiller agreed on an expected timetable of the merger at the beginning of August, where both parties said they would hold a shareholders meeting Sept. 28, 2016 and completion of the combination will be on October 10, 2016.