AB InBev To Buy Los Angeles-based Golden Road Brewing; Terms Undisclosed

(RTTNews) - Belgian brewer Anheuser-Busch InBev NV, known as AB InBev (BUD, AHBIF.PK) said Wednesday that it will acquire Los Angeles-based Golden Road Brewing. Terms of the agreement were not disclosed.

Anheuser-Busch's partnership with Golden Road Brewing is expected to close by the end of the fourth quarter of 2015.

Golden Road Brewing will join Goose Island Beer Company, Blue Point Brewing, 10 Barrel Brewing and Elysian Brewing as part of Anheuser-Busch's High End Business Unit's portfolio.

AB InBev noted that the deal will enable Golden Road to bring more of its fresh, canned beer to the brewery's local market and to introduce its unique hop-forward beers to more consumers. The partnership will build on Golden Road's commitment, since 2011, to bring fresh beer to the market in the most sustainable way possible.

As the largest craft brewery in Los Angeles County, Golden Road expects to sell approximately 45,000 barrels of beer in 2015 and can be found in more than 4,000 retail locations. With a brewery focused on draft and can production, a pub in Los Angeles and a new tasting room downtown. Additionally a new tasting room, opening in 2015, second production brewery and pub in Anaheim will be operational by the forth quarter of 2016.