Anheuser-Busch to buy out owner of Kona Brewing Company

Their beers are colorfully labeled with scenes of Hawaii.
Their beers are colorfully labeled with scenes of Hawaii.(Kona Brewing Company Website (custom credit))
Published: Nov. 11, 2019 at 3:23 PM HST
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HONOLULU, Hawaii (HawaiiNewsNow) - Kona Brewing Company is getting a new owner. And you might familiar with them.

Anheuser-Busch, the folks who produce big brands like Budweiser and Stella Artois, announced Monday that they plan to buy out Craft Brew Alliance, the Portland-based craft brewing company that owns Kona Brewing as well as a number of other small brands.

The sale is expected to close in 2020.

Anheuser-Busch had previously owned a 31% stake in Craft Brew Alliance.

“Anheuser-Busch has a long track record of working with its craft partners to help make the U.S. beer category stronger and more vibrant,” said Michel Doukeris, CEO of Anheuser-Busch, in a news release.

“Our partnership with CBA goes back many years and we look forward to supporting CBA as they continue to bring great products to beer drinkers across the U.S.”

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