Many industry people knew that Anheuser-Busch has been shopping for a “big one” on the west coast. It’s no secret that the global company has been knocking on a lot of doors up and down the west coast looking for a willing seller.
They found one.
AB announced today that they have agreed to purchase well-known Seattle based Elysian Brewing Co. The well-known and regarded brewery was founded by Dick Cantwell, Joe Bisacca and David Buhler in 1996 and produced about 50,000 bbls last year. The deal includes Elysian’s four Seattle brewpubs.
The full press release:
St. LOUIS and SEATTLE (January 23, 2015) – Anheuser-Busch today announced it has agreed to purchase Elysian Brewing Company, based in Seattle, Washington. For nearly 20 years, Elysian has brewed an award-winning portfolio of beers, including Immortal IPA and some of the industry’s most innovative and sophisticated brands.
“For two decades, we’ve welcomed guests into our brewpubs and served them creative and impeccably crafted beers,” said Joe Bisacca, Elysian CEO and co-founder, who will continue with Elysian along with his partners, Dick Cantwell and David Buhler. “After a lot of hard work, we’ve grown from one Seattle brewpub to four pub locations and a production brewery. With the support of Anheuser-Busch, we will build on past successes and share our beers with more beer lovers moving forward.”
Dick Cantwell, Elysian co-founder and Head Brewer added, “Throughout our journey we’ve been focused on brewing a portfolio of both classic and groundbreaking beers and supporting innovation and camaraderie in the beer industry through collaboration and experimentation. By joining with Anheuser-Busch we’ll be able to take the next steps to bring that energy and commitment to a larger audience.”
Elysian sold more than 50,000 barrels of beer in 2014, with Immortal IPA accounting for more than a quarter of the company’s total volume.
“Elysian’s story includes everything we look for in a partner,” said Andy Goeler, CEO, Craft, Anheuser-Busch. “The team has spent their careers brewing distinctive beers in the thriving West Coast beer community and building unique venues that celebrate beer. 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.”
In addition to the Seattle Airport Way brewery, the acquisition includes the company’s four Seattle brewpubs, Elysian Capitol Hill, Elysian Tangletown, Elysian Fields and Elysian BAR.
Anheuser-Busch’s purchase of Elysian is expected to close by the end of the first quarter of 2015. Terms of the agreement were not disclosed.