AB InBev buys LA's Golden Road Brewing
Another day, another brewery acquisition in the US.
While getting its house in order to bid for SABMiller, Anheuser-Busch InBev has snapped up LA’s Golden Road Brewing. Call it an hors d’oeuvre of sorts.
Golden Road is the fourth craft brewery that’s changed hands in a matter of months, coming hot on the heels of Meantime (SABMiller), Lagunitas (Heineken 50 per cent stake) and Saint Archer (Tenth and Blake – MillerCoors).
AB InBev has now acquired five craft breweries since 2011, also including Goose Island, Blue Point Brewing, 10 Barrel Brewing and Elysian Brewing. [JA]
St. Louis — Anheuser-Busch today announced it will acquire Los Angeles-based Golden Road Brewing. The deal will enable Golden Road to bring more of its fresh, canned beer to the brewery’s local market and to introduce its unique hop-forward beers to more consumers. The partnership will build on Golden Road’s commitment, since 2011, to bring fresh beer to the market in the most sustainable way possible.
“The energy and passion of the beer community is what drew me into this industry and with Golden Road we wanted to help develop the craft beer market in L.A.,” said Meg Gill, president and co-founder at Golden Road Brewing. “Our team worked hard to build Golden Road from the ground up and we are proud of the growth we’ve achieved in such a short time. California is an exciting and competitive market for beer and I see endless opportunities in partnering with Anheuser-Busch and their incredible distribution network to bring our beers to more people.”
As the largest craft brewery in Los Angeles County, Golden Road expects to sell approximately 45,000 barrels of beer in 2015 and can be found in more than 4,000 retail locations. With a brewery focused on draft and can production, a pub in Los Angeles and a new tasting room downtown. Additionally a new tasting room, opening in 2015, second production brewery and pub in Anaheim will be operational by the forth quarter of 2016. Its core brands – Point the Way IPA, Wolf Among Weeds IPA, Golden Road Hefeweizen and 329 Days of Sun Lager – represent 95 percent of volume. Along with the core beers, Golden Road brewers are constantly experimenting with the freshest ingredients through a collection of rotating, seasonal and limited-edition brews, most notably the Custom IPA Series, a line-up of diverse, hop-forward IPAs.
About Golden Road Brewing
In 2011 by beer enthusiasts Meg Gill and Tony Yanow founded Los Angeles, California based Golden Road Brewing to bring fresh beer to the local market in the most sustainable way possible. Golden Road is committed to engaging and supporting the growing community of socially-minded beer enthusiasts. The brewery currently distributes its beer in California, Nevada and Arizona. For more information, check out www.goldenroad.la or be social at fb.com/goldenroadbrew and @GoldenRoadBrew on Twitter and Instagram.