by Andrew Chalk
On Wednesday 5th February Anheuser-Busch InBev (AB) announced an agreement to acquire Blue Point Brewing Company of New York. The deal values Blue Point at $24m and is expected to conclude in the first quarter of 2014.
Blue Point Brewing Company is a leading craft brewer, producing over 40 beers sold in 15 states, mainly along the U.S. east coast. AB is the world’s largest brewer, with 48% of the U.S. market. Blue Point sold around 60,000 barrels in 2013. AB sold 98.8 million barrels in the U.S. in the same period.
Why would AB want to acquire such a minnow? Continue reading