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Top 10 Articles of 2023 – No. 2: Tilray Brands Paying $85M to Buy 8 Anheuser-Busch Brands

Join us as we look back at ProFood World’s most popular articles of 2023. News from Anheuser-Busch and Tilray made No. 2.

Shocktop Six Pack

Tilray made the news in August with its acquisition of eight Anheuser-Busch brands, making it the fifth-largest craft beer operation in the U.S.. The company’s recent purchase of Truss Beverage also strengthens its position in the THC beverage market.

Leamington, Ont., Canada-based Tilray Brands, a leading global cannabis-lifestyle and consumer packaged goods company, has entered into a definitive agreement to pay $85 million in cash to acquire eight beer and beverage brands from Anheuser-Busch. The brands include Shock Top, Breckenridge Brewery, Blue Point Brewing, 10 Barrel Brewing, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider, and HiBall Energy.

The purchase also includes production facilities in Portland and Bend, Ore.; Littleton, Colo.; and Patchogue, N.Y., which will provide Tilray with additional manufacturing capacity and innovation capabilities for commercial expansion opportunities.

The acquisition is expected to triple Tilray’s beer business, from 4 million cases to 12 million cases annually. The expected sales volume of the acquired brands will make Tilray Brands the fifth-largest craft beer business in the U.S. The transaction is expected to close later this year.

Continue to the full article:
Tilray Brands Paying $85M to Buy 8 Anheuser-Busch Brands

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