Anheuser Busch Inbev SA (ADR) (NYSE:BUD) has acquired Devils Backbone Brewing Co.
The Virginia-based brewery first opened in 2008, winning a plethora of awards for its mastery in brewing over the last 8 years. Now, Anheuser-Busch has more delicious beer in its arsenal.
We have yet to hear the financial details of the acquisition, but the deal is expected to close in the second quarter. Anheuser-Busch can now turn its attention to a gargantuan purchase that’s expected to happen soon.
The company is in the middle of acquiring No. 2 global brewer SAB Miller Seeking for more than $100 billion. Anheuser-Busch has acquired eight U.S. craft breweries now.
BUD stock is up 0.5% Tuesday.
