 | |
| Company type | Public |
|---|---|
| Nasdaq: BREW | |
| Industry | Alcoholic beverage |
| Founded | July 1, 2008 |
| Defunct | November 11, 2019 |
| Fate | Acquired by Anheuser-Busch InBev, becoming the Brewers Collective |
| Headquarters | |
| Products | Beer, cider |
Production output | 86,553,060 liters (724,900 barrels) |
| Website | craftbrew |
Craft Brew Alliance, Inc. is a beer brewing company that originally was composed of five beer and cider brands: Redhook Ale Brewery, Widmer Brothers Brewery, Kona Brewing Company, Omission Beer, and Square Mile Cider.[1]
Craft Brew describes Kona and Omission as national brands, while the others are regional brands.[2] In addition, Craft Brew launched strategic brewing and distribution partnerships with three other regional companies, whom it acquired outright on October 10, 2018: Appalachian Mountain Brewery, Cisco Brewing, Inc., and Wynwood Brewing.[2]
According to the Brewers Association, Craft Brew is the ninth largest beer brewing company in the United States, based on 2015 sales volume of 824,400 and an annual working capacity of approximately 1,075,000 barrels.[1][3]
As of November 2019, Anheuser-Busch InBev has agreed to fully acquire Craft Brew Alliance in 2020. The acquisition started in December 2010, when AB InBev bought 32.2%[4][5] of the business, became the company's distribution partner,[4] was given two seats on its board of directors, and gained special status in the company's board committees.[5] On August 23, 2019, AB InBev paid Craft Brew $20 million instead of exercising a "pay-or-play" option to buy out the rest of Craft Brew Alliance at a price of $24.50 a share (which would have cost about $328 million).[6][7] As a consequence, shares of Craft Brew dropped more than 20% that day.[7] However, on November 11, 2019, A-B agreed to purchase the rest of Craft Brew for $16.50 a share (about $220 million).[8]
- ^ a b "Craft Brew Alliance, Inc. Annual Report For the Fiscal Year Ended: December 31, 2015" Retrieved August 26, 2018.
- ^ a b "Craft Brew Alliance form 10-K for fiscal year ended December 31, 2018". March 3, 2019. Retrieved November 12, 2019.
- ^ "Brewers Association Lists Top 50 Breweries of 2015", Brewers Association, April 5, 2016.
- ^ a b "10 Craft Beers that Aren't", TheStreet, January 4, 2013.
- ^ a b "Craft Brewers Alliance, Inc. Form 10-K". US SEC. p. 18.
As of December 31, 2010, A-B owns approximately 32.2% of our outstanding common stock and, under the Exchange Agreement, has the right to appoint two designees to our board of directors and to observe the conduct of all standing board committees.
- ^ Kendall, Justin (August 23, 2019). "Anheuser-Busch InBev Doesn't Make Qualifying Offer for Craft Brew Alliance". Brewbound. Retrieved November 11, 2019.
- ^ a b Meunier, Andre (August 23, 2019). "Anheuser-Busch opts not to buy Portland's Craft Brew Alliance". The Oregonian. Retrieved November 11, 2019.
- ^ Rogoway, Mike (November 11, 2019). "Anheuser-Busch buys total control of Portland's Craft Brew Alliance for $220 million". The Oregonian. Retrieved November 11, 2019.