Under the terms of the deal, U.S. Anheuser-Busch, a fully owned unit of Anheuser-Busch InBev and Goose Island distributor, will buy 58% in the company from Goose Holdings Inc. for $22.5 million and the other 42% from Craft Brewers Alliance for $16.3 million in cash, the U.S. brewer said in a press release.
Goose Island, legally named Fulton Street Brewery LLC, will invest $1.3 million to expand production at its Chicago Fulton Street brewery this summer, as demand increased beyond its capacity.
Anheuser-Busch said the acquisition will help it grow in the high-end beer segment.
The transaction is expected to close in the second quarter, pending regulatory clearance and other conditions.
From the April 4, 2011, Prepared Foods E-dition