Anheuser-Busch today announced it has agreed to purchase Blue Point Brewing Co. in New York. Terms of the agreement were not disclosed.
In 2013, Blue Point sold approximately 60,000 barrels, with 50 percent of the volume from its flagship brand, Toasted Lager.
Mark Burford and Peter Cotter founded the brewery 15 years ago in Patchogue, N.Y., where it will continue to operate. In a press release, A-B stated it plans to invest in the brewery to grow its operational capabilities and enhance the consumer experience over the next few years.
â€œWe are deeply grateful to our family of loyal employees and customers. Our success was made possible by the hard work of good people and good beer in Patchogue,â€ Cotter said for the press release.
â€œAs we welcome Blue Point into the Anheuser-Busch family of brands, we look forward to working with Mark and Peter to accelerate the growth of the Blue Point portfolio and expand to new markets, while preserving the heritage and innovation of the brands,â€ said Luiz Edmond, CEO of Anheuser-Busch.
Anheuser-Buschâ€™s purchase of Blue Point is expected to close in early second quarter of 2014.