Anheuser-Busch to buy Elysian Brewing Company
Article continues below
The acquisition includes the company's four Seattle brewpubs, Elysian Capitol Hill, Elysian Tangletown, Elysian Fields and Elysian BAR.
"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."
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. ■