Australia: AB InBev acquiring New South Wales-based craft brewer 4 Pines
The world’s biggest brewer AB InBev is acquiring Manly, New South Wales-based craft brewer 4 Pines for an undisclosed amount, The Australian reported on September 22.
Belgium-headquartered AB InBev already owns the Melbourne-based Carlton & United Breweries.
4 Pines said the deal would enable its operations to expand while retaining its people, culture and identity. 4 Pines will continue to operate its Brookvale and Manly breweries.
“Will keep doing what we’ve always done, except now we are able to realise our long-term goals even sooner and immediately roll out some plans that are seriously epic,” said 4-Pines co-founder Jaron Mitchell.
Originally from Western Australia, Mr Mitchell moved to Manly on Sydney’s northern beaches, chasing a career in the accounting and finance sector
AB InBev’s Asia-Pacific south zone president Jan Craps said he was excited to be partnering with 4 Pines. “We will support their ambitious plans for the future, using our expertise and capability to help them get their exceptional beer to more people in Australia and globally,” he said.
The 4 Pines team would be unchanged and management would remain in place to help grow the business, AB InBev said.
AB InBev took charge of CUB last year.
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