Anheuser-Busch InBev, the country’s largest brewer, has agreed to buy the Blue-Point Brewing Company.
Blue Point Brewery, known for their wide variety of craft beers, won a World Beer Cup award in 2006 for their Toasted Lager, and is known as Long Island’s oldest and largest craft brewery. Last year they sold about 60,000 barrels of beer, half of that can be attributed to their flagship Toasted Lager. The company is also known for craft beers branded Hoptical Illusion, Blueberry Ale, Oatmeal Stout and many more.
“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,” Mark Burford, a co-founder of Blue Point, said in a statement.
Terms of the deal between Blue Point and Anheuser-Busch InBev have not been disclosed, but are expected to close in the second quarter of 2014.
Blue Point Brewery will continue to operate out of Patchogue NY, where it has been based for the last 15 years.
“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,” Luiz Edmond, the chief executive of the United States arm of Anheuser-Busch InBev, said in a statement.