Duvel Makes Big Craft Beer Play With $100M Boulevard Buy

Law360, New York (October 17, 2013, 6:09 PM EDT) -- Belgian beer giant Duvel Moortgat Brewery will swallow up Kansas City, Mo.-based Boulevard Brewing Co. in a deal reportedly worth more than $100 million, Boulevard announced Thursday, landing it among the largest-ever acquisitions of a U.S. craft brewer.

The companies did not disclose the deal's financial terms, but trade publication Beer Business Daily pegged the transaction's value. Since it was founded 24 years ago, Boulevard has grown into one of the most popular independent beer makers.

Through the acquisition, family-owned Duvel will expand its footprint in...
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