Anheuser-Busch InBev, the world’s largest beer maker, announced Wednesday that it will acquire the Long Island-based Blue Point Brewing Company.
The deal will position the maker of such popular beers as Budweiser and Corona to take advantage of the booming market for craft beers like Blue Point’s flagship Toasted Lager, while exposing Blue Point to a much larger consumer base.
“Together, our talented brewing team and Anheuser-Busch will have the resources to create new and exciting beers and share our portfolio with even more beer lovers,” Mark Burford, a co-founder of Blue Point, said in a statement.
The financial details of the deal have not yet been disclosed.
[NYT]
More Must-Reads From TIME
- TIME's Top 100 Photos of 2022
- I Tested Positive for COVID-19 Right Before the Holidays. What Should I Do?
- Column: How To Create a Sense of Belonging In a Divided America
- How to Survive the Holidays if You're a Scrooge
- Life Expectancy Provides Evidence of How Far Black Americans Have Come
- The 10 Best Albums of 2022
- Iran Has a Long History of Protest and Activism
- 6 Ways to Give Better Gifts—Based on Science
