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9-24-16 Delaware State

Anheuser-Busch to acquire popular Los Angeles craft brewery

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Anheuser-Busch to acquire popular Los Angeles craft brewery

LOS ANGELES (AP) – Anheuser-Busch has announced that it’s acquiring a popular Los Angeles craft brewery. St. Louis-based Anheuser-Busch, best known for making Budweiser, said Wednesday that it will acquire Golden Road Brewing, founded in 2011. Financial details of the deal were not released. Anheuser-Busch spokesman Adam Warrington says the deal is expected to be […]

Anheuser-Busch to acquire popular Los Angeles craft brewery

LOS ANGELES (AP) – Anheuser-Busch has announced that it’s acquiring a popular Los Angeles craft brewery.

St. Louis-based Anheuser-Busch, best known for making Budweiser, said Wednesday that it will acquire Golden Road Brewing, founded in 2011. Financial details of the deal were not released.

Anheuser-Busch spokesman Adam Warrington says the deal is expected to be finished by the end of the year and declined to disclose the terms.

A news release announcing the deal says Golden Road is the largest craft brewery in Los Angeles County. It’s projected to sell about 45,000 barrels of beer this year.

Golden Road is sold in 4,000 retail locations in California, Nevada and Arizona. The company has a tasting room in downtown Los Angeles and plans a second production brewery and pub in Anaheim next year.

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