AB InBev goes shopping again and purchases Elysian Brewing Co.
BE Elysian Brewery

The world’s biggest beer company, AB InBev, is going deep into the craft beer world by acquisitions.

Anheuser-Busch announced this week the purchase of Elysian Brewing Company.

Founded in 1995 by Joe Bisacca, Dick Cantwell and David Buhler, this Seattle-based brewery has brewed some award-winning beers, with its main creation, Immortal IPA, representing about 25% of the company’s sales.

The brewery is also know for its experiments (it has brewed more than 350 beers since opened) and is considered one of the most innovative and sophisticated brands of the market.
Elysian currently distributes its creations in 11 states, as well as internationally in Canada, Taiwan, Australia and Japan, selling more than 50.000 barrels in 2014.

The beer giant is taking control of not only the brewery, but also the company’s four Seattle brewpubs: Elysian Capitol Hill, Elysian Tangletown, Elysian Fields and Elysian BAR.

The agreement dictates that the three founders and partners will continue running the business, with the support of the Anheuser-Busch and is expected to close at the end of the first quarter. Financial details weren’t disclosed.

Dick Cantwell believes that this move will bring their energy and commitment, along with its portfolio to a larger audience.

Andy Goeler, AB’s Craft beer CEO is very excited with the news: ‘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.’

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