Anheuser-Busch To Buy New York Craft Brewery Blue Point

Photo courtesy of Blue Point Brewing
Photo courtesy of Blue Point Brewing

Anheuser-Busch has announced it will soon close the deal on its purchase of Blue Point Brewing of Patchogue, N.Y., a craft brewery established in 1998. The purchase price was not disclosed.

This follows the trend set by St. Louis-based Anheuser-Busch in 2011 when it bought the Goose Island Brewery in Chicago for $38.8 million. Since that time, Goose Island’s sales have increased from 152,000 barrels in 2011, to 208,000 in 2012. Anheuser-Busch is also part owner of Oregon based Craft Brew Alliance, which owns Redhook Ale Brewery, Widmer Brothers Brewing, Kona Brewing Co. and Omission Beer.

Craft brew sales have been surging in recent years, with a 15 percent increase in sales industry-wide in 2012. Meanwhile, Anheuser-Busch’s sales of its flagship lines have recently declined. Bud Light sales decreased 3.8 percent in 2013, and Budweiser sales have decreased by 4.8 percent.

Read more from the St. Louis Post Dispatch

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