AB InBev Swallows NY Craft Brewer As Drink Sector Stays Hot

Law360, New York (February 5, 2014, 12:01 PM EST) -- Anheuser-Busch InBev said Wednesday it would swallow New York's popular Blue Point Brewing Co. in a deal reportedly worth $24 million, the latest sign that craft breweries could be the next frontier for deal makers in a red-hot drink sector.

The transaction gives AB InBev, a global company best known for its mass-produced beers, one of the largest-scale craft brewers in the U.S. — where the demand for, and production of, craft beer has exploded in recent years. The companies did not disclose the deal's financial...
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