Anheuser-Busch today announced it has agreed to purchase 10 Barrel Brewing Company, located in Bend, Ore.
From the press release:
â€œFor the past eight years, weâ€™ve been brewing beer, drinking beer and having fun doing it.â€ said co-founder Jeremy Cox, who will continue to lead 10 Barrel along with his partners, co-founder and brother Chris Cox, and Garrett Wales. â€œWe are excited to stay focused on brewing cool beers, get our beers in more hands, and make the most of the operational and distribution expertise of Anheuser-Busch,â€ said Cox.
10 Barrel expects to sell approximately 40,000 barrels of beer in 2014. Apocalypse IPA, the brewerâ€™s most popular beer, accounts for nearly half of the companyâ€™s total volume.
â€œ10 Barrel, its brewers, and their high-quality beers are an exciting addition to our high-end portfolio,â€ said Andy Goeler, CEO, Craft, Anheuser-Busch. â€œThe brewery is a major contender in the Northwest, an area with a large number of craft breweries. We see tremendous value in the breweryâ€™s unique offerings and differentiated style, which 10 Barrel fans know and love.â€
In addition to the Bend brewery, the acquisition will include the companyâ€™s existing brewpubs in Bend and Boise, Idaho; and a Portland brewpub scheduled to open in early 2015.
Anheuser-Buschâ€™s purchase of 10 Barrel is expected to close by the end of 2014. Terms of the agreement were not disclosed.
Earlier this year Anheuser-Busch acquired New York-based Blue Point Brewing.