The King of Beers has found some nice new property out in Long Island (the 34th largest craft brewery in the United States). Anheuser-Busch announced yesterday that it has agreed to purchase the New York-based Blue Point Brewing Co.; the brewhouse has more than 40 beers with sales concentrated along the East Coast. Terms of the agreement were not disclosed, but Anheuser-Busch was quick to note it was “a move that will bring additional resources to Blue Point’s operations, allowing it to meet growing consumer demand for its award‑winning brands.”
Blue Point Brewing was founded by Mark Burford and Peter Cotter 15 years ago in Patchogue, N.Y., where the brewery will continue to operate, says Anheuser-Busch. The company says it also plans to invest in the brewery to grow its operational capabilities and enhance the consumer experience over the next few years.
“As we welcome Blue Point into the Anheuser-Busch family of brands, we look forward to working with Mark and Peter to accelerate the growth of the Blue Point portfolio and expand to new markets, while preserving the heritage and innovation of the brands,” said Luiz Edmond, CEO of Anheuser-Busch, in the press release. “With Anheuser-Busch’s strong beer credentials, we share a commitment to offering high-quality beers that excite consumers. Blue Point brands have a strong following and even more potential.”
In 2013, Blue Point sold approximately 60,000 barrels, with 50 percent of the volume from its flagship brand, Toasted Lager. It also sells Hoptical Illusion, Blueberry Ale and seasonal brands among others. Anheuser-Busch’s purchase of Blue Point is expected to close in early second quarter of 2014.
“We are deeply grateful to our family of loyal employees and customers. Our success was made possible by the hard work of good people and good beer in Patchogue,” Cotter said in the press release.