Anheuser-Busch buys another craft brewer

Anheuser-Busch InBev continues to get craftier.

The brewing conglomerate is purchasing Seattle-based Elysian Brewing Company for an undisclosed amount. Founded in 1995, Elysian sold more than 50,000 barrels of beer in 2014.


Elysian Brewing Split Shot beer
Elysian Brewing

"Elysian's story includes everything we look for in a partner," said Andy Goeler, CEO of Anheuser-Busch's Craft division, in a statement. "As the fastest-growing brewer in Washington, their recipe is working. Elysian's brands are an important addition to our high-end beer portfolio, and we look forward to working together."

The acquisition is the latest in series of moves by Anheuser-Busch InBev to expand its craft beer portfolio.

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In 2014, Anheuser-Busch acquired Patchogue, New York-based Blue Point Brewing and Bend, Oregon-based 10 Barrel Brewing. A-B's craft group also includes Chicago's Goose Island Beer Company, which it bought for $38.5 million in 2011.

"After a lot of hard work, we've grown from one Seattle brewpub to four pub locations and a production brewery," said Joe Bisacca, Elysian ‎CEO and co-founder. "With the support of Anheuser-Busch, we will build on past successes and share our beers with more beer lovers moving forward."

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The centerpiece of Elysian's offerings is its Immortal IPA, which accounted for more than a quarter of the brewer's total volume in 2014.