IUF logo.

Beerworkers Archive


Post date: 03/31/2011 - 14:24

Anheuser-Busch Acquires Chicago's Goose Island Beer

Anheuser-Busch Acquires Chicago's Goose Island Beer Chicago's Goose Island Beer is being acquired by brewing giant Anheuser-Busch. Anheuser-Busch will pay $22.5 million for a 58% stake in Fulton Street Brewery, the craft brewer that makes the popular artisanal beer

Anheuser-Busch Acquires Chicago's Goose Island Beer Chicago's Goose Island Beer is being acquired by brewing giant Anheuser-Busch. Anheuser-Busch will pay $22.5 million for a 58% stake in Fulton Street Brewery, the craft brewer that makes the popular artisanal beer

.

The transaction is expected to close by the end of June.

Goose Island beers have been distributed by Anheuser Busch since 2006, and have become a fixture in Windy City pubs and restaurants.

Craft Brewers Alliance Inc. (CBA), an independent, publicly traded brewer based in Portland, Ore., owns the remaining 42 percent of Fulton Street.

CBA has reached an agreement in principle to sell its stake in Fulton Street to Anheuser-Busch for $16.3 million in cash.

Anheuser Busch will invest an additional $1.3 to ramp up production of Honkers Ale, 312 Urban Wheat Ale, Matilda and other Goose Island specialties.

"Demand for our beers has grown beyond our capacity to serve our wholesale partners, retailers, and beer lovers," said Goose Island founder and president John Hall.

Hall will continue as Goose Island chief executive officer, and oversee the factory expansion in Chicago, where the company will remain based