Press Release:
(St. Louis, MO) – Anheuser-Busch today announced it has agreed to purchase Blue Point Brewing Co., one of the nation’s top craft brewers with more than 40 beers and sales concentrated along the East Coast, in a move that will bring additional resources to Blue Point’s operations, allowing it to meet growing consumer demand for its award‑winning brands. Terms of the agreement were not disclosed.
Blue Point, known for its creativity, was founded by Mark Burford and Peter Cotter 15 years ago in Patchogue, N.Y., where the brewery will continue to operate. Anheuser-Busch also plans to invest in the brewery to grow its operational capabilities and enhance the consumer experience over the next few years.
“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,” said Peter Cotter, who will continue to be instrumental in the success of the brands along with co-founder Mark Burford. “Together, our talented brewing team and Anheuser-Busch will have the resources to create new and exciting beers and share our portfolio with even more beer lovers,” said Mark Burford.
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.
“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. “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.”
Anheuser-Busch’s purchase of Blue Point is expected to close in early second quarter of 2014.
Ippolito Christon & Co. acted as financial advisers to Blue Point. Ettelman & Hochheiser, P.C. acted as legal counsel to Blue Point.
About Blue Point Brewing Company
Blue Point Brewing Company is Long Island’s oldest and most award-winning brewery. Founded in 1998 by Mark Burford and Pete Cotter, Blue Point Brewery is headquartered in Patchogue, New York, and is currently the 34th largest craft brewery in the U.S. Blue Point Brewing Company is independently owned and operated and its beers are available in 15 states of distribution including New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, Rhode Island, New Hampshire, Vermont, Maryland, Delaware, Virginia, North Carolina, Georgia, Florida, and Michigan. Blue Point’s portfolio of more than 40 craft beers includes Hoptical Illusion, ESB, RastafaRye Ale, Sour Cherry Imperial Stout, Toxic Sludge, White IPA, No Apologies Double IPA, and its flagship Toasted Lager, which won the World Beer Cup in 2006.
About Anheuser-Busch
For more than 160 years, Anheuser-Busch and its world-class brewmasters have carried on a legacy of brewing America’s most-popular beers. Starting with the finest, all-natural ingredients sourced from Anheuser-Busch’s family of growers, every batch is hand-crafted using the same exacting standards and time-honored traditions passed down through generations of proud Anheuser-Busch brewmasters and employees. Best known for its fine American-style lagers, Budweiser and Bud Light, the company’s beers lead numerous beer segments and combined hold 47.6 percent share of the U.S. beer market. Anheuser-Busch is the U.S. arm of Anheuser-Busch InBev and operates 12 breweries, 17 distributorships and 23 agricultural and packaging facilities across the United States, representing a capital investment of more than $15.5 billion. Its flagship brewery remains in St. Louis, Mo., and is among the global company’s largest and most technologically capable breweries. Visitor and special beermaster tours are available at its St. Louis and four other Anheuser-Busch breweries. For more information, visit www.anheuser-busch.com.
Sell outs to the evil giant
Sad to see another craft brewery sell out to AB, Goose Island did it and now most of their beers are terrible, AB is gonna start to “suggest” that they use cheaper ingredients in order to increase the amount of beer and profits made because thats all they care about and the quality that those fans have come to expect will drop off. Sad to see Blue Point move from Craft to “crafty”
you guys that call themselves are funny. What would you do?
Blue Point never struck me as noteworthy. I wonder why AB-InBev had their eyes on them. Hopefully it’ll mean an up-tick in quality and availability, as it did with Goose Island.
Get ready for another tall heaping of butthurt from the BA-holes.
@ Chris: Goose Island’s beers are exactly the same as they were before the buyout.
A craft brewer who is making good beers has passion for what they are doing. They won’t sell out because they love getting after it every day.
Goose Island was mailing it in long before InBev bought them up, and it sounds like Blue Point was in the same boat. These guys decided to retire, and took the money.
Doesn’t look like it’s just the “BA-holes” who are “upset” (which is a less homophobic word for “butthurt”) about this acquisition. Check out Blue Point’s facebook…lots of folks who have been drinking the beer for years are somewhere between feeling concerned about an uncertain future and feeling outright betrayed. The good news is any Blue Point drinkers who want to continue to support independent breweries will have plenty of other options. Anyone who wants to continue to support Blue Point, however, will have to support A-B InBev in order to do so.
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“Butthurt” is not homophobic, you should look it up… BTW I’m bi.
Oh, and I see you conveniently ignored the fact that Goose Island’s beer hasn’t changed one bit since the buyout… a far cry from somehow becoming “terrible.”
Ok my bad, so Goose Island’s beer was terrible the whole time then, I stand corrected
Give this time and we shall sea. Just had their Winter Ale , in yet another New England snow storm.Have enjoyed all their offerings>