Anheuser-Busch InBev acquires Devils Backbone

|About: Anheuser-Busch InBev SA/NV (BUD)|By:, SA News Editor

Anheuser-Busch InBev (BUD +0.5%adds Devils Backbone to its stable of craft beer brands.

The Virginia-based brewer makes Vienna Lager, Eight Point IPA, and Schwartz Bier.

Financial terms weren't disclosed. Anheuser-Busch expects the deal to close in Q2 of this year.

The new A-B deal is another indication that the company isn't going to stop snapping up craft indies even though it's merging with SABMiller.

Now read Craft Breweries: A Unique Opportunity For CRE Owners

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