Anheuser-Busch InBev SA (ABI.BR) struck a deal to buy New York microbrewery Blue Point Brewing Co, as the world's largest beer maker seeks to increase its offerings in the fast-growing craft-beer segment. The companies, which announced the deal in a statement on Wednesday, did not disclose terms of the deal. Blue Point sold around 60,000 barrels of beer in 2013, with sales concentrated along the U.S. East Coast.
Good news. Successful succession for the craft brewery's creators and another slate of good brews heads to the big leagues. Will it flop? Who knows. Will it be joined by others? Who really knows. There are only so many spots on the bench as you move up league by league. Things get serious. The trade mark lawyers may now get called in as part of the due diligence. The plans to make something of the brand will have to be rolled out.
People with spit and curse but people think beer is healthy, too. The real question is how many breweries will also get to take the cash from the dark side, Scrooge McDuck, whatever you call it. Not many. Not fifty. What is the fifty third buy out worth. Not as much. Not near as much. It's a buyers market, isn't it?