Anheuser-Busch announced this morning that it is buying craft brewer Blue Point Brewing Company.
“As 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,” said Luiz Edmond, Anheuser-Busch InBev’s U.S. CEO. “With Anheuser-Busch’s strong beer credentials, we share a commitment to offering high-quality beers that excite consumers. Blue Point brands have a strong following and even more potential.”
Blue Point has created over 40 craft beers since it was formed by Mark Burford and Peter Cotter in 1998. The craft brewery is the 34th largest in the United States. In 2013, the brewery sold about 60,000 barrels, with about 50 percent of those barrels containing their Toasted Lager. Blue Point currently distributes to 15 states, mainly along the East Coast. No details have been released on the cost of Blue Point.
The purchase is expected to close in the early second quarter of 2014.