Anheuser-Busch announed it has struck a deal to acquire Virginia’s Devils Backbone Brewing Co. The sale is set to close in the second quarter, A-B said. Financial terms were not disclosed.
Devils Backbone’s flagship beer is Vienna Lager, which accounted for about 60% of its sales last year. Devils Backbone joins what A-B calls The High End division. The High End includes including Goose Island Beer Co., Blue Point Brewing, 10 Barrel Brewing, Elysian Brewing, Golden Road Brewing, Virtue Cider, Four Peaks Brewing and Breckenridge Brewery.
“While we are joining a creative group of craft breweries in the division, Devils Backbone will retain a high level of autonomy and continue its own authentic DNA within The High End framework,” Devils Backbone founder and CEO Steve Crandall said in a statement. He also said the existing management team plans to remain with the brewer.
Devils Backbone operates the Outpost Brewery & Taproom in Lexington, where its primary production brewery is located. The brewer also operates its Basecamp Brewpub & Meadows in Roseland. Those two breweries have won 19 medals at the Great American Beer Festival since 2012.